Although technological knowledge and human capital are closely related, there is an important difference.
A)Human capital refers to society's understanding about how the world works, while technological knowledge refers to the resources expended transmitting this understanding to the labour force
B)Human capital refers to society's understanding about how the world works, while technological knowledge refers to the resources expended transmitting this understanding to the production function
C)Technological knowledge refers to society's understanding about how the world works, while human capital refers to the resources expended transmitting this understanding to the labour force
D)Technological knowledge refers to society's understanding about how the world works, while human capital refers to the resources expended transmitting this understanding to the production function

Question

Quizplus · Accepted Answer

Human capital refers to the knowledge, skills, and abilities possessed by individuals which enable them to contribute to economic growth and development. Technological knowledge, on the other hand, refers to society's understanding of how to create and use technology. While both are related, they are not the same thing. Therefore, option C is the correct answer, as it correctly defines the difference between technological knowledge and human capital.

Although Technological Knowledge and Human Capital Are Closely Related, There