Social Sciences, asked by abkumar7489, 1 year ago

What is human capital

Answers

Answered by ssvijay738
1
Human capital refers to the production factors, coming from human beings, we use to create goods and services. Our knowledge, skills, habits, and social and personality attributes all form part of the human capital that contributes to the creation of goods and services. Our creativity also contributes. Factors of production are the four inputs required for the production of goods and services.

In other words, it is the collection of all our resources. It comprises all our knowledge, abilities, talents, skills, intelligence, training, judgment, and experience. It also includes our wisdom, individually, and collectively.

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Answered by tarunmandalcrj12
0

Answer: When investment is made in the form of education, training and medical care, the quality of the population improves and become a great asset it is called human capital.

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