Question

define human capital as a basic requirement for production...​

Answer 1

Answer:

Hello Sister

Human capital- it is just related to the production factors that are receiving from Humans ..

we use our knowledge ,skills , to create good and services

it also tell us that all labour that are working are not equal .acc.

to their skill education..

Explanation:

Thanks sister

i just explain u in a simple way

Answer 2

Answer:

Human capital is the fourth requirement of production of goods and services. Human capital is the knowledge and effort that is put into arrange for the other requirements like land, labor and physical capital to start the production of goods and services.

Human capital is an intangible asset or quality not listed on a company's balance sheet. ... This includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality. The concept of human capital recognizes that not all labor is equal.

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