Human capital formation and its features
Answers
Explanation:
In a job, such as management, important characteristics will be factors such as interpersonal skills, ability to work in a team and the creativity to problem solve. In other words, as the economy has developed the concept of human capital has also broadened to include a greater variety of skills and traits of capital.
Answer:
Definition of human capital: Human capital is described as the skills, training, and health acquired through on the job training and education. Michael Pakistan Park defines it as, ''The skill and knowledge of human beings.'' It is also defined as the "endowment of abilities to produce that exists in each human being."
Definition of human capital formation: Human capital formation is the act of increasing the productive qualities of the labor force by providing more education and increasing the skills, health, and notarization level of the working population.
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