Human capital is

Question

Human capital is

Quizplus · Accepted Answer

Human capital refers to the knowledge, skills, and education that a person possesses. It is an important factor that can explain differences in incomes across countries, as individuals with higher levels of human capital tend to be more productive and earn higher wages. Option A is incorrect as it refers to physical capital, not human capital. Option B is not a comprehensive definition of human capital. Option D is partially correct but not the most accurate statement. Option E is incorrect as human capital is an important factor in explaining income differences.

Human Capital Is