Question

The concept of Human Capita theory was given by .
a) Ricardo
c) Mincer d) Fisher
b) Borgus​

Answer 1

Human capital theory, initially formulated by Becker (1962) and Rosen (1976), argues that individual workers have a set of skills or abilities which they can improve or accumulate through training and education.

Answer 2

Answer:

Human capital is unique and differs from any other capital. It is needed by companies to achieve goals, develop and remain innovative. Companies can invest in human capital, for example, through education and training, enabling improved levels of quality and production.

Human capital theory is closely associated with the study of human resources management, as found in the practice of business administration and macroeconomics.