1.

Distinguish between Physical Capital and Human Capital.

Answer»

Distinction between Physical Capital and Human Capital.

Physical CapitalHuman Capital
(i) It increases physical goods.(i) It increases knowledge and efficiency
(ii) It is a economic and technical process.(ii) It is partly a social process.
(iii) Physical capital is tangible.(iii) Human capital is intangible
(iv) It can be sold in the market.(iv) It can’t be sold in the market.
(v) The physical capital is separable from its owner.(v) Human capital is not separable from its owner.
(vi) Physical capital formation can be built even through imports(vi) Human capital formation is to be done through conscious policy formulations.


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