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Question : 30
Total: 52
Benefits of physical capital accrue only to private entities, whereas human capital provides private as well as ______ benefits.
(Fill up the blank with correct alternative)
(Fill up the blank with correct alternative)
Solution:
(b) social
Explanation: Physical capital like plant and machinery only benefits to the firm which engages in the production process. But Human capital i.e. stock of skilled, trained, educated and experienced labour not only benefits those who hire their services but also prove assets for society and country as well.
Explanation: Physical capital like plant and machinery only benefits to the firm which engages in the production process. But Human capital i.e. stock of skilled, trained, educated and experienced labour not only benefits those who hire their services but also prove assets for society and country as well.
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