Answer:
Physical capital includes the variety of inputs required in production activity. This includes fixed capital and working capital like machinery, land and building, raw materials, cash in hand etc., In contrast, human capital is the stock of competencies, knowledge, social and personality attributes, including creativity, embodied in the ability to perform labour so as to produce economic value. Here 'labour' refers to the persons performing the economic activity like laborers, knowledge persons and others involved in the activity.
You need to login to perform this action.
You will be redirected in
3 sec
