Human capital accumulation is different from physical capital accumulation in that

Question

Quizplus · Accepted Answer

Unlike physical capital, there is no limit to the amount of knowledge or skills an individual can attain, meaning there is no limit to the level of productivity they can reach. Furthermore, human capital may not suffer from diminishing marginal returns as individuals can continue to learn and develop new skills throughout their lifetimes. While human capital may be more costly to acquire than physical capital, this is not a defining difference between the two.

Human Capital Accumulation Is Different from Physical Capital Accumulation in That