ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Human capital is a concept used by social scientists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. Human capital has a substantial impact on individual earnings.

Detailed explanation-2: -What are examples of human capital? Examples of human capital include communication skills, education, technical skills, creativity, experience, problem-solving skills, mental health, and personal resilience.

Detailed explanation-3: -Economic and social development of a modern nation is dependent on the intellectual capital and human capital at a rate concurrent with that of other forms of capital (physical, financial, etc.). Education is one area that enshrines the level and quality of human capital and intellectual engaged in development.

Detailed explanation-4: -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-5: -Education. Technical or on-the-job training. Health. Mental and emotional well-being. Punctuality. Problem-solving. People management. Communication skills. 13-Sept-2022