The education and training of workers is called
A)technological change
B)technological progress
C)human capital
D)increasing returns to labour

Question

Quizplus · Accepted Answer

Human capital refers to the knowledge, skills, and abilities that workers have acquired through education and training. This education and training is important for increasing productivity and quality of work, and is a key factor in economic growth and development. Technological change and progress refer to advancements in technology, while increasing returns to labour refers to the concept that as more workers are added to a production process, the output per worker increases.

The Education and Training of Workers Is Called