Define human capital . What are the sources of human capital ?
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Human capital refers to the Stock of skill and, expertise of a nation at a point of time.
The two major sources of human capital in a country are :-
(i) Investment in education
(ii) Investment in health Education and health are considered an important input for the development of a nation.
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Human capital is a concept used by human resource professionals to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education, to name a few.
Sources of Human capital:-
- Investment in Education. The most powerful way to improve and expand the fruitful workforce in the state is by nourishing and building up the education system. ...
- Investment in Health. ...
- Migration. ...
- On-the-job Training- ...
- Investment in Information: All the detailed information. ...
- Solved Questions.
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