Economy, asked by shamsmohammed4033, 11 months ago

Two similarity between physical capital and human capital

Answers

Answered by Anonymous
2

Answer:

Human capital is the stock of skills and expertise of a nation at a point in time. While, physical capital refers to the stock of tangible assets that are used in the production process such as buildings, machinery,etc.

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Answered by tdxjubair918
2

Answer:

physical capital vs human capital

Capital alludes to the company’s wealth in the form of money or assets, that can be utilized for commencing a business or investing in a running business, to generate more money. It can be of two types physical capital or human capital. The physical capital implies the capital which is tangible in nature, such as money, plant and machinery, furniture and fixture, building etc.

On the contrary, human capital is relatively a new concept, which implies the collection of an individual’s skills, abilities, talent, knowledge, etc, used by the company to meet out its long term goals. It is not owned by the company, but by the employees, which they rent to companies for adequate consideration.

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