Answer:
Physical
capital includes the variety of inputs required at all stages of a production
activity. This includes fixed capital and working capital in the form of
machinery, land and building, raw materials, cash in hand, etc.
In contrast, human capital is the stock of competencies, knowledge,
social and personality attributes, including creativity, embodied in the
ability to perform labour so as to produce economic value. Here, it refers to
the persons performing the economic activity like labourers, knowledge persons
and others involved in the activity.
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