ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Entire population
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Workers
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Entrepreneurs
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Both workers and entrepreneurs Explanation:-Only workers and Entrepreneurs can take part in productive process.
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Detailed explanation-1: -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 helps in the acquisition of new knowledge and skills and enables business owners to make better and faster decisions, and thus the effects of human capital on entrepreneurship may be more important in high-skills industries than in low-skills industries (Unger et al.
Detailed explanation-3: -Human Capital includes labor and other resources that humans can provide-education, experience or unique skills-that contribute to the production process.
Detailed explanation-4: -Skills, Qualifications, and Education. Work Experience. Social and Communication Skills. Habits and Personality Traits. Individual Fame and Brand Image.