Human capital refers to the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country. It is the accumulation of investments in people, such as education and training, that make them more productive.

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Human Capital Is

Question 28

Multiple Choice

Human capital is

A) more costly than other forms of capital.
B) the accumulation of investments that make people more productive.
C) how firms use more humans than machines in the production process.
D) none of these answers is correct.

Correct Answer: