ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The term human capital refers to the economic value of a worker’s experience and skills. Human capital includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.

Detailed explanation-2: -In the 1960s, the term human capital was made popular by two American economists, Gary Becker and Jacob Mincer, who used it to describe the mixture of skills, knowledge, experience, habits and personality in each of us that can be put to productive use.

Detailed explanation-3: -Education. Technical or workplace training. Punctuality. Problem-solving abilities. People management. Communication skills. Good health. Mental and emotional wellbeing.

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