Which capital would you consider the best- land, labour, physical capital or human capital? Why?
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Answered by
80
I consider human capital the best. Because-
1. It is main assest pf the economy
2. Investment in human capital will yield higher income and productivity.
3. Society gains through educated and healthy human capital.
4. It is the skilled human capital that will make land and physical capital useful.
Hope it helps :)
Aksh0605:
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Answered by
23
Heya
Here is your answer
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Human capital makes use of the other resources like land, labor 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.
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