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How does human capital differ from other resources like land and physical capital?
- a)Human capital can make use of land and capital.
- b)Human capital is more abundant than land and physical capital.
- c)Land and physical capital can function independently.
- d)Human capital is not essential for economic growth.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
How does human capital differ from other resources like land and phys...
- Human capital stands out from other resources like land and physical capital because it has the unique ability to utilize and enhance the productivity of both land and physical capital. This distinction highlights the pivotal role skilled individuals play in maximizing the potential of all available resources.
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How does human capital differ from other resources like land and phys...
Human Capital vs. Land and Physical Capital
Human capital, land, and physical capital are three key resources in an economy. However, human capital differs from land and physical capital in several ways.
Human Capital Utilization
- One of the main differences is that human capital has the ability to make use of both land and physical capital.
- Human capital can innovate, create, and operate machinery and equipment, utilizing both land and physical capital effectively.
Interdependence
- Human capital is interdependent with land and physical capital.
- While land and physical capital can exist and function independently to some extent, human capital is necessary to effectively utilize both resources.
Abundance
- Human capital is not necessarily more abundant than land and physical capital.
- In fact, the quality and quantity of human capital can vary significantly across different regions and industries.
Economic Growth
- Human capital is essential for economic growth.
- A skilled and educated workforce can drive innovation, productivity, and overall economic development.
In conclusion, human capital stands out from land and physical capital due to its ability to interact with and utilize other resources, its interdependence with other factors of production, and its crucial role in driving economic growth.
Human capital, land, and physical capital are three key resources in an economy. However, human capital differs from land and physical capital in several ways.
Human Capital Utilization
- One of the main differences is that human capital has the ability to make use of both land and physical capital.
- Human capital can innovate, create, and operate machinery and equipment, utilizing both land and physical capital effectively.
Interdependence
- Human capital is interdependent with land and physical capital.
- While land and physical capital can exist and function independently to some extent, human capital is necessary to effectively utilize both resources.
Abundance
- Human capital is not necessarily more abundant than land and physical capital.
- In fact, the quality and quantity of human capital can vary significantly across different regions and industries.
Economic Growth
- Human capital is essential for economic growth.
- A skilled and educated workforce can drive innovation, productivity, and overall economic development.
In conclusion, human capital stands out from land and physical capital due to its ability to interact with and utilize other resources, its interdependence with other factors of production, and its crucial role in driving economic growth.
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How does human capital differ from other resources like land and physical capital?a)Human capital can make use of land and capital.b)Human capital is more abundant than land and physical capital.c)Land and physical capital can function independently.d)Human capital is not essential for economic growth.Correct answer is option 'A'. Can you explain this answer?
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How does human capital differ from other resources like land and physical capital?a)Human capital can make use of land and capital.b)Human capital is more abundant than land and physical capital.c)Land and physical capital can function independently.d)Human capital is not essential for economic growth.Correct answer is option 'A'. Can you explain this answer? for Class 9 2024 is part of Class 9 preparation. The Question and answers have been prepared according to the Class 9 exam syllabus. Information about How does human capital differ from other resources like land and physical capital?a)Human capital can make use of land and capital.b)Human capital is more abundant than land and physical capital.c)Land and physical capital can function independently.d)Human capital is not essential for economic growth.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 9 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How does human capital differ from other resources like land and physical capital?a)Human capital can make use of land and capital.b)Human capital is more abundant than land and physical capital.c)Land and physical capital can function independently.d)Human capital is not essential for economic growth.Correct answer is option 'A'. Can you explain this answer?.
How does human capital differ from other resources like land and physical capital?a)Human capital can make use of land and capital.b)Human capital is more abundant than land and physical capital.c)Land and physical capital can function independently.d)Human capital is not essential for economic growth.Correct answer is option 'A'. Can you explain this answer? for Class 9 2024 is part of Class 9 preparation. The Question and answers have been prepared according to the Class 9 exam syllabus. Information about How does human capital differ from other resources like land and physical capital?a)Human capital can make use of land and capital.b)Human capital is more abundant than land and physical capital.c)Land and physical capital can function independently.d)Human capital is not essential for economic growth.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Class 9 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How does human capital differ from other resources like land and physical capital?a)Human capital can make use of land and capital.b)Human capital is more abundant than land and physical capital.c)Land and physical capital can function independently.d)Human capital is not essential for economic growth.Correct answer is option 'A'. Can you explain this answer?.
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How does human capital differ from other resources like land and physical capital?a)Human capital can make use of land and capital.b)Human capital is more abundant than land and physical capital.c)Land and physical capital can function independently.d)Human capital is not essential for economic growth.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for How does human capital differ from other resources like land and physical capital?a)Human capital can make use of land and capital.b)Human capital is more abundant than land and physical capital.c)Land and physical capital can function independently.d)Human capital is not essential for economic growth.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of How does human capital differ from other resources like land and physical capital?a)Human capital can make use of land and capital.b)Human capital is more abundant than land and physical capital.c)Land and physical capital can function independently.d)Human capital is not essential for economic growth.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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