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प्रश्न
Distinguish between Physical Capital and Human Capital.
फरक स्पष्ट करा
उत्तर
| Aspect | Physical Capital | Human Capital |
| Definition | It refers to tangible, man-made resources used in production. | It refers to the skills, knowledge, and abilities of individuals. |
| Nature | Material and tangible (e.g., machines, buildings). | Intangible (e.g., education, training, health). |
| Formation | Created through investment in machinery, tools, and infrastructure. | Created through investment in education, healthcare, and skill development. |
| Depreciation | Wears out over time and requires maintenance or replacement. | Does not depreciate like physical assets but improves with time through experience. |
| Mobility | Less mobile, as machines and buildings cannot move freely. | Highly mobile, as skilled individuals can migrate for better opportunities. |
| Contribution to Economy | Increases production efficiency by improving infrastructure. | Enhances productivity and innovation in the workforce. |
| Examples | Machinery, tools, factories, buildings. | Education, skills, training, experience. |
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