Pregunta
Human capital differs from physical capital in that
a. human capital is tangible.
b. human capital is intangible.
c. human capital has no cost to acquire.
d. physical capital is intangible.
a. human capital is tangible.
b. human capital is intangible.
c. human capital has no cost to acquire.
d. physical capital is intangible.
Ask by Reid Munoz. in the United States
Mar 21,2025
Solución de inteligencia artificial de Upstudy
Respuesta verificada por el tutor
Responder
Human capital is intangible.
Solución
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Identify Definitions
- Physical Capital: These are the tangible, man-made objects used in production, such as machinery, buildings, and equipment.
- Human Capital: This refers to the skills, knowledge, and experience possessed by individuals. It is an intangible asset.
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Examine the Options
- (a) “Human capital is tangible.”
- This is incorrect because human capital is not a physical object but rather intangible qualities.
- (b) “Human capital is intangible.”
- This is correct as human capital cannot be seen or touched.
- © “Human capital has no cost to acquire.”
- This is incorrect because acquiring human capital, such as through education and training, involves costs.
- (d) “Physical capital is intangible.”
- This is incorrect because physical capital consists of tangible items.
- (a) “Human capital is tangible.”
-
Conclusion
The correct answer is:
.
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Simplifique esta solución Extra Insights
Human capital refers to the skills, knowledge, and experience possessed by individuals, which makes it intangible and harder to quantify compared to physical capital like buildings, machinery, and tools. Accumulating human capital often involves investments such as education, training, and experience, which can be costly but crucial for enhancing productivity and innovation in the workforce.
In the real world, the distinction between human and physical capital plays a vital role in business strategy. Companies often invest heavily in training and development programs to increase the human capital of their employees, recognizing that a skilled workforce can lead to greater competitiveness, adaptability, and overall success in an ever-evolving market.
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