ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A company pays for its workers to go to graduate school.
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A company hires a lobbyist to fight government regulations.
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A company buys a new computer system to improve productivity.
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A company starts using better materials to improve product quality.
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Detailed explanation-1: -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-2: -Examples of human capital include the education, technical training, or problem-solving skills that a person offers to a business. Education is one of the most important elements of human capital, as it often leads to increased economic output, higher individual income, and increased economic mobility for families.
Detailed explanation-3: -Funding college or continuing education scholarships is a long-term investment in human capital. By providing these scholarships, companies build relationships with both the current and future workforce.
Detailed explanation-4: -The concept of human capital investment is mainly investment done by a firm or an individual on education/training and to expect a return of that investment in terms of revenue/capital. Human capital consists of three main components: ability, earlier education, and knowledge gained by training on job premises.