What term do economists use to refer to expenditures on training, education, and skill development designed to increase the productivity of an individual?

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Economists use the term "investments in human capital" to refer to expenditures on training, education, and skill development designed to increase the productivity of an individual. This concept recognizes the value of education and skill development as a means to increase economic output and improve living standards.

What Term Do Economists Use to Refer to Expenditures on Training