Explain Productivity and Human Capital and Physical Capital.

 
Your answer should not exceed 100 words. (1 mark)
 

Productivity :Comparing the quantity of goods and services produced with the quantity of inputs used to
produce these goods by measuring economic performance.

Physical capital : Products made by human made in order to make investment or purchase for using the
production of goods and services.

Characteristics of human capital implies:

1- refers to both skill and knowledge of the human being.

2- The value of human capital does not decrease, except in the case of age, which is renewed according
to education and health

3- Human capital creates benefits that consist of private benefits and social benefits.

Student name: Reem Mohammed Alammari (180031451)

ECON-201 , CRN :12071