Question

Explain the difference between human capital and physical capital.

Answer 1

Physical capital implies the non-human assets of the company, such as plant and machinery, tools and equipment, office supplies etc. that help in the process of production. Human capital refers to the stock of knowledge, talent, skills, and abilities brought in by the employee, to the organization.

Step-by-step explanation:

Answer 2

Answer: Physical capital uses equipments, tools and other objects. Human capital is based on what you know (knowledge) what you can do (talent).