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| 1. |
Difference between physical capital and human capital |
| Answer» [Physical capital] Examples:- Land, machinery, equipments and natural resources etc. (1) Visible, tangible or qualified. (2) value gets reduced with use of depreciation. (3) can be priced and exchange for money. (4) consumer and producer are different. (5) stock gets exhausted with use. {human capital} Examples:- knowledge,health,attitude, skills, fitness. (1) invisible, not preciously qualified and value gets increase with use. (2)value gets increased with use. (3)priceless even though it is priced. (4)consumer and producer are same. (5)stock never gets exhausted. | |