Question

Differentiate between Physical Capital and Human Capital.

17 Jul 2025
Answer :
Word Count : 304
Physical capital and human capital are both crucial for economic development, yet they differ fundamentally in their nature, formation, and impact, especially within the context of the economics of health and education. Physical capital refers to man-made goods that are used in the production of other goods and services. It includes tools, machinery, buildings, infrastructure, and technology. Physical capital is tangible, can be bought and sold, and is created through investment in physical assets. Its productivity ____ ___ _____ _____ __________ ________ _________ ________ ____ ____ _____.
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