what does human and physical capital mean (ans for 9th grade)for 5 marks you will get 20 points as soons as u do and u will be marked as brainilst
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Answer:
Physical capital consists of items like machinery, buildings, equipment. Physical capital includes man made goods that are used in the process of production for converting raw material to finished goods. Any new project requires a significant amount of investment in physical capital.
Human capital refers to the stock of skill, ability, expertise, education and knowledge in a nation at a point of time. Nations require adequate human capital who are educated and qualified as educators and other specialists
Explanation:
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Answer:Answer:
Physical capital consists of items like machinery, buildings, equipment. Physical capital includes man made goods that are used in the process of production for converting raw material to finished goods. Any new project requires a significant amount of investment in physical capital.
Human capital refers to the stock of skill, ability, expertise, education and knowledge in a nation at a point of time. Nations require adequate human capital who are educated and qualified as educators and other specialists
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