Human capital refers to the skills, knowledge, and abilities possessed by individuals and used in the production of goods and services. It includes not only formal education and training but also experience, creativity, and innovation. It is a valuable resource for individuals, firms, and nations because it can lead to increased productivity, profitability, and economic growth.

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Human Capital Is

Question 83

Multiple Choice

Human capital is

A) all capital owned by individuals, but not by corporations or governments.
B) machinery that meets or exceeds federal safety standards for use by humans.
C) all capital owned by individuals or corporations, but not by governments.
D) the skill and knowledge of workers.

Correct Answer: