Differentiate between physical capital and human capital.**Answer:**| S. No. | Basis | Physical Capital | Human Capital | |--------|-------|-----------------|---------------| | 1. | **Nature** | Tangible, can be easily sold in the market | Intangible, built in the body and mind of its owner; services are sold, not the capital itself | | 2. | **Ownership** | Separable from its owner | Inseparable from its owner | | 3. | **Mobility** | Completely mobile between countries | Not perfectly mobile between countries (restricted by nationality and culture) | | 4. | **Formation** | Can be built even through imports | Must be done through conscious policy formulations | | 5. | **Benefit** | Creates only private benefit | Creates private and social benefits |