People as Resource — Social Studies STD 9 — Question

1.

Any non-human asset made by humans and then used in production it is known as physical capital.

When the existing human resource is further developed by becoming more educated and healthy, we call it human capital formation that adds to the productive power of the country.

2.

It is tangible and can be sold in the market, e.g., goods like a bus or a machine.

It is not tangible and cannot be sold in the market because it is naturally built in the mind and body of its owner, only the services of human capital can be sold.

3.

It is separable from its owner.

Human capital is inseparable from its owner.

4.

It benefits only the owner.

It benefits not only the owner but the society in general.

5.

It is inferior to human capital.

It is superior to other resources like land and physical capital.

6.

It cannot become useful on its own.

It can make use of physical capital.