ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Machine
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Skill
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Building
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Both 1 and 3
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Detailed explanation-1: -Cash, real estate, equipment, and inventory are examples of physical capital.
Detailed explanation-2: -It includes fixed capital and working capital. The tools, machines, buildings which can be used in production over many years are called fixed capital. Raw materials and money in hand are called working capital. Unlike tools and machines, these are used up in production.
Detailed explanation-3: -Physical capital consists of tangible, human-made objects that a company buys or invests in and uses to produce goods. Physical capital items, such as manufacturing equipment, also fall into the category of fixed capital, meaning they are reusable, and not consumed during the production process.
Detailed explanation-4: -Education. Technical or on-the-job training. Health. Mental and emotional well-being. Punctuality. Problem-solving. People management. Communication skills. 13-Sept-2022
Detailed explanation-5: -Land and Natural Resources: It includes the land and any natural resources found on it, for example, oil, minerals, and water. Human Capital or Labor: Labor is the work done by individuals during the production process that leads to final goods. More items