Question

What is human capital formation ? How is it different from physical capital formation ?

Answer 1

Answer:

• Physical Capital

1. Any non-human asset made by humans and then used in production it is known as physical capital.

• Human capital

1. When the existing 'human resource' is further developed by becoming more educated and healthy we call it human capital formation that adds to the productive power of the country.

Answer 2

Explanation:

refer to attachment

hope it helps