Question

what is human capital ?

Answer 1

Human capital is the fourth factor of production which isthe knowledge and enterprise to put all the factors together to produce an output to either to use yourself or to sell in market

Answer 2

YOUR ANSWER.....^_^____

=■>》The success depends in large part on the people with higher level of competence. In response, the people are becoming valuable assets.
□》In the economic perspective, the capital refers to factors of production used to create goods or services
●》The human is the subject to take charge of all economic activities such as production, consumption, and transaction.
☆》Thus, it can be recognized that human capital means one of production elements which can generate added-values through inputting it.
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THE IMPORTANCE OF HUMAN CAPITAL...^_^
=》human capital affects… at all levels -The growth of an individual'wage, firms' productivity, and national economy (Denison, 1962 Schultz, 1961)
=^》Firm's core competences or competitive advantage'(Lepak& Snell,1999).
=^》worker's productivity in the workplace (Griliches & Regev, 1995 Lucas, 1988; Rosen, 1999)
=/》To easily implement job-seeking activities with increasing the human capital (Vinokuret al 2000
¤》 To relatively receive high rewards in the internal=》external labor market (Edward 1979) National economic growth (Romer, 1986)

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