Question

Mention and explain three inputs required for the formation of human capital.​

Answer 1

Answer:

Human capital is the stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value.

Explanation:

Human capital refers to the Stock of skill and expertise of a nation at a point of time.

The two major sources of human capital in a country are

(i) Investment in education

(ii) Investment in health Education and health are considered an important input for the development of a nation.

Answer 2

Answer:

Human Resource Capital:-

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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