Saved Bookmarks
| 1. |
(b) Distinguish between physical and human capital. |
|
Answer» Thephysical capitalimplies the capital which is tangible in nature, such as money, plant and machinery, furniture and fixture, building etc.On the contrary,human capitalis relatively a new concept, which implies the collection of an individual’s skills, abilities, talent, knowledge, etc, used by the company to meet out its long term goals. It is not owned by the company, but by the employees, which they rent to companies for adequate consideration. |
|