In economics, the accumulated skills and training that workers have is known as
A)human capital.
B)entrepreneurship.
C)physical capital.
D)innovation.

Question

Quizplus · Accepted Answer

Human capital refers to the total knowledge, skills, abilities, and other intangible assets of individuals that contribute to their productivity and potential for economic growth. It includes education, training, work experience, and other factors that enhance the abilities and productivity of workers. Human capital is a valuable asset for firms and economies, as it enables them to innovate, increase productivity, and compete more effectively in today's knowledge-based economy. Thus, human capital is a critical determinant of economic growth, competitiveness, and prosperity.

In Economics, the Accumulated Skills and Training That Workers Have