ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Human capital includes the ____ people use to produce goods and services.
A
Raw materials
B
Machinery and technology
C
Skills, knowledge, and experience
D
Natural Resources
Explanation: 

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: -The most important resource in any economy or organization is its human capital-that is, the collective knowledge, attributes, skills, experience, and health of the workforce.

Detailed explanation-3: -Examples of human capital include communication skills, education, technical skills, creativity, experience, problem-solving skills, mental health, and personal resilience.

Detailed explanation-4: -Skills, Qualifications, and Education. Work Experience. Social and Communication Skills. Habits and Personality Traits. Individual Fame and Brand Image.

There is 1 question to complete.