Question

Describe the role of human capital in the production process. Name two investments that can improve the quality of human capital.

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Answer 1

Answer:

Human capital is an asset consisting of the knowledge and skills held by a person that can be used by an organization to advance its goals. Human capital is important because some level of human knowledge and skills is necessary in order for an organization to accomplish anything.

Human capital describes employees' knowledge, skill sets and motivation that provide economic value to a firm. ... Human capital is not static and can be improved through education. A firm can improve its employees' human capital through continuing education and on-site education.

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Answer 2

Explanation:

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