Which of the following is an example of human capital?
A)machines built by people
B)formal education acquired in schools
C)on-the-job training
D)Both b and c are correct.

Question

Quizplus · Accepted Answer

Human capital refers to the knowledge, skills, and abilities possessed by individuals as a result of their education, training, and experience. Both formal education acquired in schools and on-the-job training are examples of human capital. Machines built by people are not considered human capital as they are physical assets rather than knowledge or skills possessed by individuals.

Which of the Following Is an Example of Human Capital