Question:
Distinguish between human capital and physical capital.
Distinguish between human capital and physical capital.
Show Hint
Human capital is the skill-set in people, while physical capital is the tool-set used in production.
Updated On: Jul 1, 2025
Hide Solution
Verified By Collegedunia
Solution and Explanation
| Human Capital | Physical Capital |
|---|---|
| It refers to the stock of skills, knowledge, and abilities possessed by individuals. | It refers to man-made goods used for further production like machinery, tools, and buildings. |
| Increases productivity by improving human efficiency. | Increases productivity by providing means of production. |
| Intangible in nature. | Tangible in nature. |
Was this answer helpful?
0
0
Top Questions on Human Capital Formation
- Read the following statements – Assertion (A) and Reason (R). Choose the correct alternative from the options given below:
Assertion (A): Information plays a crucial role in judicious decision-making about investing in human capital.
Reason (R): Individuals invest to acquire information about the labour market and other areas such as education and healthcare.- CBSE CLASS XII - 2025
- Economics
- Human Capital Formation
(a) (i) Distinguish between human capital and physical capital.
(ii) Define Sustainable Development.
OR
(b)
(i) Describe briefly the importance of micro-credit programmes in Rural India.
(ii) State any one strategy involved in attaining sustainable development in India.- CBSE CLASS XII - 2025
- Economics
- Human Capital Formation
- Read the following statements – Assertion (A) and Reason (R). Choose the correct option from the options given below :
Assertion (A) : People spend to acquire information related to labour and other markets (like, education and health).
Reason (R) : Expenditure on information is necessary for efficient utilisation of the human capital stock.- CBSE CLASS XII - 2025
- Economics
- Human Capital Formation
- Distinguish between Physical Capital and Human Capital.
- CBSE CLASS XII - 2025
- Economics
- Human Capital Formation
- Trace the relationship between Human capital and Economic growth.
- CBSE CLASS XII - 2025
- Economics
- Human Capital Formation
View More Questions
Questions Asked in CBSE CLASS XII exam
- In the circuit, three ideal cells of e.m.f. \( V \), \( V \), and \( 2V \) are connected to a resistor of resistance \( R \), a capacitor of capacitance \( C \), and another resistor of resistance \( 2R \) as shown in the figure. In the steady state, find (i) the potential difference between P and Q, (ii) the potential difference across capacitor C.
- CBSE CLASS XII - 2025
- Current electricity
- The area of the shaded region (figure) represented by the curves \( y = x^2 \), \( 0 \leq x \leq 2 \), and the y-axis is given by:
- What type of cell is mercury cell? Why is it more advantageous than dry cell?
- CBSE CLASS XII - 2025
- CBSE Compartment XII - 2025
- Electrochemistry
A compound (A) with molecular formula $C_4H_9I$ which is a primary alkyl halide, reacts with alcoholic KOH to give compound (B). Compound (B) reacts with HI to give (C) which is an isomer of (A). When (A) reacts with Na metal in the presence of dry ether, it gives a compound (D), C8H18, which is different from the compound formed when n-butyl iodide reacts with sodium. Write the structures of A, (B), (C) and (D) when (A) reacts with alcoholic KOH.
- CBSE CLASS XII - 2025
- Haloalkanes And Haloarenes
- State Faraday’s second law of electrolysis. How much electricity is required in terms of Faraday for the reduction of 1 mole of $Cr_2\text{O}_7^{2-} \text{ to Cr}^{3+}$?
- CBSE CLASS XII - 2025
- Electrochemistry
View More Questions