Question

With the help of the words write five points that how human beings  turn into human capital.
Words:- Knowledge, abilities, skills, education, training, experience, judgement, wisdom, good health, creativity.
please answer me fast​

Answer 1

Explanation:

Human capital is the stock of habits, knowledge, social and personality attributes (including creativity) embodied in the ability to perform labour so as to produce economic value.[1]

Human capital is unique and differs from any other capital. It is needed for companies to achieve goals, develop and remain innovative. Companies can invest in human capital for example through education and training enabling improved levels of quality and production.[2]

Human capital theory is closely associated with the study of human resources management as found in the practice of business administration and macroeconomics.

The original idea of human capital can be traced back at least to Adam Smith in the 18th century. The modern theory was popularized by Gary Becker, an economist and Nobel Laureate from the University of Chicago, Jacob Mincer, and Theodore Schultz. As a result of his conceptualization and modeling work using Human Capital as a key factor, the 2018 Nobel Prize for Economics was jointly awarded to Paul Romer, who founded the modern innovation-driven approach to understanding economic growth.