without human capital production activities can't be organized ' explain in three points
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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.
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.
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.
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