ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Working on multiple cars at the same time
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Asking his employer for a raise
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Attending classes to improve his skills
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Hoping for a promotion without actually in any of the work
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Detailed explanation-1: -Investing in people through nutrition, health care, quality education, jobs and skills helps develop human capital, and this is key to ending extreme poverty and creating more inclusive societies.
Detailed explanation-2: -When we invest in the human capital through education and training, it yields a high return because of higher productivity of more educated people. Investment in human capital can also be made by training of industrial and agricultural workers in the use of modern technology.
Detailed explanation-3: -The monetary and time-consuming investments you make early in life, like getting a higher education, doing on-the-job training, and learning better social skills can increase your personal human capital. Human capital should be considered an asset class that’s part of every portfolio.
Detailed explanation-4: -Examples of human capital include communication skills, education, technical skills, creativity, experience, problem-solving skills, mental health, and personal resilience.