ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC SYSTEMS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which is an example of human capital?
A
Education
B
Roads
C
Factories
D
Machinery
Explanation: 

Detailed explanation-1: -What are examples of human capital? Examples of human capital include communication skills, education, technical skills, creativity, experience, problem-solving skills, mental health, and personal resilience.

Detailed explanation-2: -Examples of human capital include the education, technical training, or problem-solving skills that a person offers to a business. Education is one of the most important elements of human capital, as it often leads to increased economic output, higher individual income, and increased economic mobility for families.

Detailed explanation-3: -Human capital is about the knowledge, skills and abilities essential for high performance in work and career in our knowledge-and technology-based economy.

Detailed explanation-4: -Fund scholarships. Funding college or continuing education scholarships is a long-term investment in human capital. By providing these scholarships, companies build relationships with both the current and future workforce. Employees of tomorrow must have access to higher education to increase their human capital.

Detailed explanation-5: -Skills, Qualifications, and Education. Work Experience. Social and Communication Skills. Habits and Personality Traits. Individual Fame and Brand Image.

There is 1 question to complete.