what is human Capital
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Human capital refers to the stock of skill, ability, expertise, education and knowledge in a nation at a point of time. ... In other words, we need great human capital to create other human capital like doctors, engineers, professors, etc which later will become a human asset and contribute to the economy of the country.
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Human capital considers education and health as a means to increase labour productivity. Human capital treats human beings as a means to an end; the end being the increase in productivity. In this view, any investment in education and health is unproductive if it does not enhance output of goods and services.
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