Workers who possess significant skills due to education and training are said to have high-level of ___________________ capital.
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ECONOMY ECONOMICS
Human Capital
By WILL KENTON Reviewed by MICHAEL SONNENSHEIN Updated Sep 4, 2020
What Is Human Capital?
Human capital is an intangible asset or quality not listed on a company's balance sheet. It can be classified as the economic value of a worker's experience and skills. This includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality.
The concept of human capital recognizes that not all labor is equal. But employers can improve the quality of that capital by investing in employees—the education, experience, and abilities of employees all have economic value for employers and for the economy as a whole.
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