Human capital is
A)The knowledge and skills possessed by the labor force.
B)Able to increase only if the labor force grows.
C)Insignificant in productivity advances.

Question

Quizplus · Accepted Answer

Human capital refers to the knowledge, skills, and abilities possessed by individuals in the labor force. It is a critical factor in driving productivity advances as it enables workers to perform tasks more efficiently and effectively. Human capital can be developed through education and training, and it can increase even if the labor force does not grow.

Human Capital Is