Question

Which of the following capital do you think is the best and why?
(i) Land capital
(ii) Labour capital
(iii) Physical capital
(iv) Human capital

Answer 1

Out of the following, according to me human capital is the best. Human capital refers to the skills and knowledge possessed by an individual. It is viewed in terms of their value and cost to the business organization.

Human capital formation can be increased by investing more in education sector and promoting the importance of gaining knowledge and skill.