Solution

Human Capital:
1. Human capital takes into account health and education as a source of increasing labor productivity.
2. Human capital is a comparatively narrow concept that treats human beings as a medium to generate high productivity. As per this concept investing in education and health is said to be unproductive if it does not result in enhancing output.

Human Development

1. This concept is based on the idea that health and education are an integral part of human wellbeing.
2. This is a broader concept that believes that development is said to have happened when the majority of people in a country are healthy and educated.