ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Human capital is best seen in which of the following?
A
machinery that meets or exceeds federal safety standards for use by humans
B
all capital owned by individuals or corporations, but not by governments
C
the skill and knowledge of workers
D
all capital owned by individuals, but not by corporations or governments
Explanation: 

Detailed explanation-1: -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-2: -Examples of human capital include communication skills, education, technical skills, creativity, experience, problem-solving skills, mental health, and personal resilience.

Detailed explanation-3: -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-4: -The types of human capital You can separate human capital into three types: knowledge capital, social capital, and emotional capital.

There is 1 question to complete.