Which capital would you consider the best- land, labour, physical capital or human capital? Why?
- Human capital is considered the best when compared to land, labour and physical capital.
- It is only the human resource that utilises other resources like land and investments which cannot become beneficial on their own.
- In countries like India where the problem of huge population can be resolved by converting them into valuable resource by way of investing in human capital.
- Significance of human capital is well recognised from the advancement of Information Technology in India.