Question

радиатора (eo) еходитооцдо 14
м.
are called the Arassom Himalyas
Casplain the term Human capital and state its
two benefits?​

Answer 1

Answer:

“the knowledge, skills, competencies and other attributes embodied in individuals or groups of individuals acquired during their life and used to produce goods, services or ideas in market circumstances”.

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.

Measuring human capital

For statistical purposes, human capital can be measured in monetary terms as the total potential future earnings of the working age population. (However, this only captures part of human capital and is a limited measure)