What is physical capital? What are its different tyes? Explain
Physical capital is of two type:-. Fixed capital- It includes tools and machines ranging from simple tools like - farmer's plough and machines like - generators, turbines, computers. Actually tools, …
What is meant by 'People as Resource'? Explain how is human
Human resource is different from other resources in many senses. Human resources need education, training and healthcare to develop. On the other hand, land and physical capital …
Sources of Human Capital Formation: Education, Training ... - Toppr
The human capital formation is eyeing at the conversion of human resource into human assets. Physical Capital: For development and enhancement of physical assets such as buildings, …
Which capital would you consider the best - land, physical ... - Toppr
Among land, physical capital and human capital, the human capital is the best because human capital can make use of land, labour and physical capital. Land and capital cannot become …
What is meant by physical capital? Give examples. What are the
Verified by Toppr. Physical capital includes the variety of inputs required at every stage during production such as. (a) Tools, Machines, Buildings. Tools and machines range from very …
How is human resource different from other resources like land
Human resource is different from other resources like land and physical capital in the following ways: (i) From the perspective of economic development, human resource exhibit multiple …
Factors of Production: Land, Labour, Capital, Entrepreneur - Toppr
Capital. Capital refers to all manmade resources used in the production process. It is a produced factor of production. It includes factories, machinery, tools, equipment, raw materials, wealth …
Human Resource: Meaning, Importance, Quality of Population
Human resource refers to the people who are part of the workforce. The human resource plays a significant role in the economy of a country by contributing to productivity. The other resource …
How is human capital or resource different from other resources
Solution. Verified by Toppr. Human resource is different from other resources in many senses. Human resources need education, training and healthcare to develop. On the other hand, land …
Why is human capital the important factor of production? Give
Solution. Verified by Toppr. Human capital is the most important factor of production because of the following reasons: (i) Gifted with life and reasoning power, humans can make use of the …