when does human resource become capital
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Human resource becomes human capital when there is investment made in the form of education, training and medical care. When the existing 'human resource' is further developed by becoming more educated and healthy, we call it 'human capital formation'.
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ʜᴜᴍᴀɴ ʀᴇsᴏᴜʀᴄᴇ ʙᴇᴄᴏᴍᴇs ʜᴜᴍᴀɴ ᴄᴀᴘɪᴛᴀʟ ᴡʜᴇɴ ᴛʜᴇʀᴇ ɪs ɪɴᴠᴇsᴛᴍᴇɴᴛ ᴍᴀᴅᴇ ɪɴ ᴛʜᴇ ғᴏʀᴍ ᴏғ ᴇᴅᴜᴄᴀᴛɪᴏɴ, ᴛʀᴀɪɴɪɴɢ ᴀɴᴅ ᴍᴇᴅɪᴄᴀʟ ᴄᴀʀᴇ. ᴡʜᴇɴ ᴛʜᴇ ᴇxɪsᴛɪɴɢ 'ʜᴜᴍᴀɴ ʀᴇsᴏᴜʀᴄᴇ' ɪs ғᴜʀᴛʜᴇʀ ᴅᴇᴠᴇʟᴏᴘᴇᴅ ʙʏ ʙᴇᴄᴏᴍɪɴɢ ᴍᴏʀᴇ ᴇᴅᴜᴄᴀᴛᴇᴅ ᴀɴᴅ ʜᴇᴀʟᴛʜʏ, ᴡᴇ ᴄᴀʟʟ ɪᴛ 'ʜᴜᴍᴀɴ ᴄᴀᴘɪᴛᴀʟ ғᴏʀᴍᴀᴛɪᴏɴ'.
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