what is the difference between human capital and physical capital
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Answer: Physical capital implies the non-human assets of the company, such as plant and machinery, tools and equipment, office supplies etc. that help in the process of production. Human capital refers to stock of knowledge, talent, skills and abilities brought in by the employee, to the organization.
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Explanation:
Physical capital: ※it implies the non-human assets of the company, such as plant and machinery, tools and equipment, office supplies etc. that help in the process of production
※It can be traded in the market.
human capital:
※Human capital refers to stock of knowledge, talent, skills and abilities brought in by the employee, to the organization.
※Only the services of human capital can be sold.
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