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19 May, 17:11

What is the difference between human capital and capital goods?

A. Human capital relates to the expected goods people should be able to produce, whereas, capital goods focus on the total output people produce.

B. Human capital relates to the educational needs of a specific group of people, whereas, capital goods focus on the educational needs of an entire population.

C. Human capital is the investment in education and training for people in a given country, whereas, capital goods are the investment in factories and technology in a given country.

D. Human capital is the investment humans make in factories and machinery, whereas, capital goods are the investment humans make in education to produce technology.

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  1. 19 May, 20:02
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    Answer: c
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