CBSE Class 9 Answered
Differentiate between Physical and Human Capital.
Asked by Virender | 31 May, 2016, 10:20: PM
Expert Answer
Differences between physical and human capital are as follows:
Physical Capital |
Human capital |
It is tangible and can be sold in the market. |
It is intangible, built in the body and mind of its owner. |
It is separable from its owner. |
It cannot be sold but only its services can be sold in the market. |
It is completely mobile between countries, barring some artificial trade restrictions. |
It is not perfectly mobile and is restricted by nationality. |
It can be built through imports and creates only private benefits. |
It depends on a person’s conscience as to whether or not he/she wants to raise the earnings. It creates both private and social benefits. |
Answered by Tharageswari S | 01 Jun, 2016, 09:48: AM
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