ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Your level happiness
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How much you are currently being paid
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You have less skills and work experience
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Your boss being fired/quitting
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Detailed explanation-1: -Human capital allows an economy to grow. When human capital increases in areas such as science, education, and management, it leads to increases in innovation, social well-being, equality, increased productivity, improved rates of participation, all of which contribute to economic growth.
Detailed explanation-2: -Physical capital consists of inanimate assets such as cash, job site equipment, property, and inventory. Human capital, meanwhile, describes the skills, knowledge, and capabilities associated with a company’s personnel.
Detailed explanation-3: -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-4: -Improve education for your workforce. A highly educated workforce will be capable of achieving more. Provide a work culture that encourages creativity. Divide labor into specialized niches. Hire a diverse workforce. Provide ongoing coaching. 20-Jul-2021