The accumulation of investments in people,such as education and on-the-job training,is known as

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The accumulation of investments in people, such as education and on-the-job training, is known as human capital. Physical capital refers to equipment and other tangible assets used for production, efficiency wage refers to a higher wage paid to workers to increase their productivity, and a union is an organization formed for the purpose of protecting worker rights and improving working conditions.

The Accumulation of Investments in People,such as Education and On-The-Job