Question

which capital would you consider the best- land, labour, physical capital and human 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.

Answer 2

Human capital makes use of the other resources like land, labour and physical capital to produce an output. The other resources cannot become useful on their own. Hence, human capital may well be considered the best among all the resources.