Question

Which capital would you consider
the best land, labour, physical
capital and human capital? Why?
Explain in 50-60 words​

Answer 1

Explanation:

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

Explanation:

Out of the following, according to me human capital is the best. Human capital refers to the skills and knowledge possessed by an individual. It is viewed in terms of their value and cost to the business organization.

Human capital formation can be increased by investing more in education sector and promoting the importance of gaining knowledge and skill.