What is human capital?

Question

Quizplus · Accepted Answer

Human capital refers to the skills, experience, and education of workers. It is an intangible asset that can increase productivity and economic growth.

Option A refers to physical capital, which includes machinery and equipment used to produce goods and services. Option B is more related to social capital, which refers to the networks, norms, and trust that facilitate cooperation and coordination among people. Option D is a measure of labor productivity, but it does not capture the underlying skills and knowledge of workers that contribute to that productivity.

What Is Human Capital