Economy, asked by princy776, 8 months ago

write any four characteristics of an entrepreneur or human capital as a factor of production​

Answers

Answered by anshikameena29
5

ANSWER:

Characteristics of capital are:-

a) Man produces capital: Capital is needed for production. Capital is the result of human efforts.

b) Capital is a passive factor of production: Capital cannot produce without the active help of the labour.

c) Capital is the produced means of the production: Capital refers to the wealth which cannot be produced automatically. It is supplied because of the joint efforts of land and labour.

d) Capital depreciates: With the use of capital, the value of capital depreciates or loses its value.

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Answered by syed2020ashaels
0

Answer:

The main characteristics of human capital are as follows:

  • Human capital is usually not listed under a company's balance sheet as it is strictly an intangible asset.
  • It includes many qualities, some of which can be the employee's experience or skillset.
  • Employers are expected to improve human capital and this is done by investing in the training process, All laborers are not always considered equal hence they have the prerogative to improve themselves.
  • It has a very strong relationship with aspects like economic growth, productivity, and profitability.
  • It also holds the ability to depreciate through long periods of unemployment.
  • On the other hand, it has the inability to keep up with technology and innovation.

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