1.

Which capital would you consider the best-land, labour, physical capital or human capital? Why?

Answer»

Solution :I consider human capital to be the best. Human capital can utilise LAND, labour and physical capital to its POTENTIAL. Human capital can improve continuously with value ADDITION such as with LEARNING new skills and can adapt fastest to change in requirement. COUNTRIES such as Japan, South Korea, etc. have low resources but have invested in human capital and are one of the largest economies today.


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