ECONOMICS
HUMAN CAPITAL
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
By developing skills
|
|
|
By getting education
|
|
|
By good health
|
|
|
All of above
|
Detailed explanation-1: -The correct answer is All of the above. The population becomes human capital when there is the investment made in the form of education, training and medical care. Human capital is the stock of skill and productive knowledge embodied in them.
Detailed explanation-2: -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-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: -Human capital refers to the skills and knowledge possessed by an individual. It is viewed in terms of their value and cost to the business organization. Human capital formation can be increased by investing more in education sector and promoting the importance of gaining knowledge and skill.
Detailed explanation-5: -The three human capital components – time, talent and energy – are actively focused on by some of the world’s fastest growing companies, according to Bain & Company, which recently conducted research into the area.