Answer:
(i) Physical capital is the variety of inputs required at every stage during production whereas labour, which works on the physical capital, is called human capital. (ii) Tools and machines, buildings etc. can be used in production over many years whereas human capital can produce the output only if they have experience to do a particular work. (iii) Tools, machines, generators etc. are the examples of physical capital and human capital can belong to any profession like a farmer, a farm labourer, a factory worker etc.
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