Commerce Exam > Commerce Videos > Economics Class 12 > Difference Between Human Capital and Physical Capital
Difference Between Human Capital and Physical Capital Video Lecture | Economics Class 12 - Commerce
|
64 videos|275 docs|52 tests
|
FAQs on Difference Between Human Capital and Physical Capital Video Lecture - Economics Class 12 - Commerce
| 1. What is the difference between human capital and physical capital? |  |
Ans. Human capital refers to the skills, knowledge, experience, and expertise possessed by individuals, which can be utilized to create economic value. On the other hand, physical capital refers to tangible assets such as machinery, buildings, equipment, and infrastructure that are used in the production process.
| 2. How is human capital different from physical capital in terms of investment? | |
Ans. Investing in human capital involves expenditure on education, training, healthcare, and skill development of individuals to enhance their productivity and potential. Physical capital investment, on the other hand, involves purchasing or upgrading machinery, equipment, or infrastructure to improve production efficiency.
| 3. Can human capital and physical capital be interchanged? | |
Ans. Human capital and physical capital cannot be interchanged as they serve different purposes in the production process. While human capital contributes to the intellectual and creative aspects of production, physical capital provides the necessary tools and infrastructure for the utilization of human capital.
| 4. Which type of capital is more valuable for economic growth? | |
Ans. Both human capital and physical capital are important for economic growth, but human capital is often considered more valuable in the long run. This is because skilled and knowledgeable individuals can adapt to changing technologies and contribute to innovation, leading to sustained economic development.
| 5. How can countries enhance their human capital? | |
Ans. Countries can enhance their human capital by investing in education and vocational training programs, promoting lifelong learning opportunities, improving healthcare facilities, and fostering a supportive environment for research and development. Additionally, policies that encourage innovation, entrepreneurship, and talent retention can also contribute to the development of human capital.
Related Exams
About this Video
|
4.77/5 Rating |
|
Dec 31, 2024 Last updated |
Video Description: Difference Between Human Capital and Physical Capital for Commerce 2024 is part of Economics Class 12 preparation.
The notes and questions for Difference Between Human Capital and Physical Capital have been prepared according to the Commerce exam syllabus.
Information about Difference Between Human Capital and Physical Capital covers all important topics for Commerce 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Difference Between Human Capital and Physical Capital.
Introduction of Difference Between Human Capital and Physical Capital in English is available as part of our Economics Class 12 for Commerce & Difference Between Human Capital and Physical Capital in
Hindi for Economics Class 12 course. Download more important topics related with notes, lectures and mock test series for
Commerce Exam by signing up for free.
Description
Video Lecture & Questions for Difference Between Human Capital and Physical Capital Video Lecture | Economics Class 12 - Commerce - Commerce full syllabus preparation | Free video for Commerce exam to prepare for Economics Class 12.
Information about Difference Between Human Capital and Physical Capital
Here you can find the meaning of Difference Between Human Capital and Physical Capital defined & explained in the simplest way possible.
Besides explaining types of Difference Between Human Capital and Physical Capital theory, EduRev gives you an ample number of questions to practice Difference Between Human Capital and Physical Capital tests,
examples and also practice Commerce tests.
|
64 videos|275 docs|52 tests
|
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
past year papers
,Important questions
,study material
,Summary
,Viva Questions
,shortcuts and tricks
,practice quizzes
,mock tests for examination
,Difference Between Human Capital and Physical Capital Video Lecture | Economics Class 12 - Commerce
,Sample Paper
,Free
,Extra Questions
,Objective type Questions
,Difference Between Human Capital and Physical Capital Video Lecture | Economics Class 12 - Commerce
,Difference Between Human Capital and Physical Capital Video Lecture | Economics Class 12 - Commerce
,Semester Notes
,video lectures
,Exam
,Previous Year Questions with Solutions
,ppt
,MCQs
;
Study Difference Between Human Capital and Physical Capital on the App
Students of Commerce can study Difference Between Human Capital and Physical Capital alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Difference Between Human Capital and Physical Capital,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Difference Between Human Capital and Physical Capital is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup