ECONOMICS
HUMAN CAPITAL
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
The skills, knowledge, and experience possessed by an individual
|
|
|
money earned
|
|
|
the work a person does
|
|
|
None of the above
|
Detailed explanation-1: -What Is Human Capital? 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-2: -Human capital refers to the skills, knowledge, and abilities that workers possess and that contribute to their economic value. This includes both formal education and training as well as on-the-job experience.
Detailed explanation-3: -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-4: -Key Takeaways. Human capital is the economic value of a person’s abilities and the qualities of their labor that influence productivity. Examples of human capital include the education, technical training, or problem-solving skills that a person offers to a business.
Detailed explanation-5: -Human capital refers to the stock of skill, ability, expertise, education, and knowledge in a nation at a point of time.