Question

Define human capital in short answer

Answer 1

Human Capital is a measure of the skills, education, capacity and attributes of labour which influence their productive capacity and earning potential.
Individual human capital – the skills and abilities of individual workers
Human capital of the economy – The aggregate human capital of an economy, which will be determined by national educational standards.

Answer 2

Answer:

Human Capital is a measure of the skills, education, capacity and attributes of labour which influence their productive capacity and earning potential. Human capital of the economy – The aggregate human capital of an economy, which will be determined by national educational standards