ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Human resource
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Physical Capital
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Human Capital
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None of these Explanation:-Human capital refers to the human resources which have skills, ability and expertise to take part in productive process of an economy of a country.
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Detailed explanation-1: -Hence, the stock of skill, ability, education and knowledge of people in a nation, at a point of time, refers to human capital.
Detailed explanation-2: -Human capital refers to the stock of skill, ability, expertise, education, and knowledge in a nation at a point of time. We need investment in human capital to produce more human capital out of human resources.
Detailed explanation-3: -The term human capital refers to the economic value of a worker’s experience and skills. Human capital includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.
Detailed explanation-4: -Human capital is the stock of ‘skill and expertise’ of a nation at a point of time.
Detailed explanation-5: -Human Capital refers to the stock of skill, ability, expertise, education and knowledge in a nation at a point of time.