what is the difference between physical capital and human capital
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- Physical capital represents in economics one of the three primary factors of production.
- Physical capital is the apparatus used to produce a good and services.
- Human capital is the stock of habits, knowledge, social and personality attributes embodied in the ability to perform labour so as to produce economic value.
- Human capital is unique and differs from any other capital. It is needed for companies to achieve goals, develop and remain innovative.
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