write the differences between physical capital and the human capital?
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Answer:
Physical capital implies the non-human assets of the company, such as plant and machinery, tools and equipment, office supplies etc. that help in the process of production. Human capital refers to stock of knowledge, talent, skills and abilities brought in by the employee, to the organization
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Explanation:
PHYSICAL CAPITAL:
1) The capital that involves all materials involved such as raw material, money, machinery is called Physical capital.
2)It cannot make use of itself or other factors like land and labour.
HUMAN CAPITAL:
1) The capital that involves skill and knowledge of a person is called human capital.
2)It can be used by itself.
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