Question

Which capital would you consider the best land labour physical capital and human capital.Why?

Answer 1

Answer:

•Human capital is considered the best when compared to land, labour and physical capital.

•It is only the human resource that utilises other resources like land and investments which cannot become beneficial on their own.

•In countries like India where the problem of huge population can be resolved by converting them into valuable resource by way of investing in human capital.

•Significance of human capital is well recognised from the advancement of Information Technology in India.

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