ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -What is human capital and why does it matter? Human capital consists of the knowledge, skills, and health that people invest in and accumulate throughout their lives, enabling them to realize their potential as productive members of society.

Detailed explanation-2: -Human capital management (HCM) entails University functions such as recruiting, hiring, maintaining organization-and employee-related data, time management, and payroll.

Detailed explanation-3: -Examples of human capital include communication skills, education, technical skills, creativity, experience, problem-solving skills, mental health, and personal resilience.

Detailed explanation-4: -Role of health in human capital formation are as follow: Only a healthy person can work efficiently and with full potential. A healthy person can work in a more effective manner. A healthy person can work in a productive way and in this way it can contribute better in the development of the economy of the country.