Practicing Success
Practicing Success
CUET Preparation Today
Which of the following is an incorrect statement? |
Human capital benefits not only the owner but also the society in general Human capital is intangible and can be sold in the market Human capital is needed to make effective use of physical capital Human capital formation is to be done through conscious policy formulation |
Human capital is intangible and can be sold in the market |
Physical capital is tangible and can be easily sold in the market like any other commodity. Human capital is intangible; it is endogenously built in the body and mind of its owner. Human capital is not sold in the market; only the services of the human capital are sold and, hence, there arises the necessity of the owner of the human capital to be present in the place of production. The physical capital is separable from its owner, whereas, human capital is inseparable from its owner. |
