Human capital is the

Question

Quizplus · Accepted Answer

Human capital refers to the knowledge and skills that workers acquire through education, training, and experience. It includes intangible assets like knowledge, abilities, competencies, and creativity that contribute to an individual's productivity and earning potential. Therefore, option B is the correct choice. The stock of tools and equipment is referred to as physical capital (option A), while knowledge about how the world works is referred to as intellectual capital (option C). Option D is too narrow to be considered an accurate definition of human capital.

Human Capital Is the