Human capital refers to the knowledge, skills, and health embodied in individuals that enables them to perform labor and produce economic value. An educated and healthy person is considered human capital because they are productive, while an uneducated or unhealthy person is not. India's software companies employ many physically challenged people because, though physically limited, they are educated and trained, making them productive human capital. Physical capital consists of machinery, buildings, and other tangible assets used in production. Both human capital and physical capital are investments that depreciate over time but contribute to economic growth, though human capital cannot be separated from its owner like physical capital can.

1. Chapter 5
Part.1

3.  Human capital
 Natural resources
 Physical capital
 Technology etc.

5.  Human capital is a term popularized by Gary
Becker,an economist from the university of
Chicago,and Jacob Mincer that refers to the
stock of knowledge,habits,social and
personality attributes,including
creativity,embodied in the ability to perform
labor so as to produce economic value.

7.  An uneducated,untrained and unhealthy
person is not productive.He cannot contribute
to production.On the other hand, an
educated/trained and healthy person is
productive. India’s soft ware companies
employ many physically challenged
persons.They are educated/trained and
therefore productive. Human beings, when
they are given education/training, become
human resources or human capital.

8.  In economics, physical capital or just capital
is a factor of production(or input into the
process of production),consisting of
machinery,buildings,computers,and the like”

11. similarities dissimilarities
Both forms of capital formation are
the result of concious investment
decisions.
Physical capital formation is an
economic and technological
process.Human capital formation is
partly the result of concious decision
and partly a social process.
Both forms of capital depreciate with
time.
Physical capital is tangible and can be
sold in the market. Human capital is
intangible. Only its services can be
sold in the market.
Both forms contribute to economic
growth and development.
Physical capital is separable from its
owner. Human capital is not separable
from its owner.
Both forms of capital are mobile
between countries with some
restrictions.
Physical capital is more mobile than
human capital.