Card 1 of 22
Why are human and physical capital both called capital?
A
Both are consumer goods bought for immediate satisfaction rather than future production.
B
Both are short-term flows purchased by firms that are consumed during production.
C
Both are durable stocks created by investment that yield output over future years.
D
Both are natural resources supplied by nature that require no investment.
Card 1 of 22
1.3.2 difference between human capital and physical capital Flashcards
22 flashcards on CIE Intl A Level Economics 1.3.2 difference between human capital and physical capital: the key terms and definitions you need to recall.