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What Is Human Capital, and How Does It Affect U

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What is human capital, and how does it affect U.S. productivity?
Human capital is the knowledge and skills possessed by the workforce. The U.S. economy has invested heavily in human capital through education and job training. The high productivity of the U.S. economy is the direct result of the high quality of its resources, including well-educated workers.

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Human capital refers to the collective s...

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