Which capital would you consider the best- land, labour, physical capital or human capital? Why?

  1. Human capital is considered the best when compared to land, labour and physical capital.
  2. It is only the human resource that utilises other resources like land and investments which cannot become beneficial on their own.
  3. 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.
  4. Significance of human capital is well recognised from the advancement of Information Technology in India.

  • 112

Human capital, because knowledge and enterprise (which is what is known as human capital), is the factor that puts all the other factors together. Having all the materials but not knowing what to do or how to plan and start off will not bring the desired results.

  • 4
What are you looking for?