What is meant by human capital？What does population becomes human capital？
Answers
Answer:
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.
The population becomes human capital when the humans themselves act as the resources. This can be achieved by educating more and more people and giving everyone a chance to acquire a significant skill that will promote the production of any kind.
Explanation:
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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.