The difference between human capital and physical capital is that human capital measures the intelligence we are born with and physical capital refers to the machines that we create with our intelligence.

Question

Quizplus · Accepted Answer

The statement is incorrect. Human capital refers to the knowledge, skills, and expertise acquired through education and experience, while physical capital refers to the tangible assets such as machinery, tools, buildings, and infrastructure used in production.

The Difference Between Human Capital and Physical Capital Is That