How investment in Human capital convert people into resources. Explain.
Answers
Answer:
human resources can be converted into human capital by the process of human capital formation. it can be done by giving education and giving proper health facilities.
Explanation:
Human Capital, also known as Human Resource is the backbone of any nation. These human resources mainly consist of students who gradually turn into accountants, engineers or doctors. These students depending on their efficiency and capability become a Human Assets for the country. Let us look at the sources of Human Capital.
Human Resource Capital
The human capital formation is eyeing at the conversion of human resource into human assets.
Physical Capital: For development and enhancement of physical assets such as buildings, bridges, factories etc. all the inputs like tools, machinery, gadgets which are required are called Physical Capital.
Human Capital: Skillset, educational qualifications, subject knowledge, ability and expertise in the human resource of a nation at a point in time is called Human Capital
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