Human capital accumulation is different from physical capital accumulation in that

Question

Quizplus · Accepted Answer

Unlike physical capital, there is no limit to how much knowledge or skills an individual can acquire, leading to potentially infinite increases in productivity. Additionally, human capital does not suffer from diminishing marginal returns like physical capital often does. However, it could be argued that human capital can be more expensive to acquire in terms of education and training.

Human Capital Accumulation Is Different from Physical Capital Accumulation in That