Question

how is human capital beneficial for us?

Answer 1

The concept of human capital refers to the education, on-the job training, and work experience of the labor force. It is analogous to other forms of capital in that investments in human capital yield income and other benefits over a long time. An investment in human capital means investing in education or some form of on-the job training to improve workforce quality. Such investments provide returns to the individual as well as to the economy as a whole. Individuals benefit from higher earnings, and the economy as a whole benefits from higher productivity.

Hope this may help you

Answer 2

human capital can only make use of the other resources such as physical capital and land. for example a bark of wood can be converted into a chair only by human effort and skill and knowledge.