Human capital is

Question

Human capital is

Quizplus · Accepted Answer

Human capital is defined as the accumulated skills and knowledge of workers. This includes education, training, experience, and other attributes that contribute to an individual's ability to perform labor and create economic value. It is not the same as labor productivity, which is a measure of how much output is produced per unit of labor input. It is also not simply a measure of the number of labor hours available, as human capital takes into account the quality and skill level of those labor hours. Finally, human capital is not something that people are born with and cannot be changed, as education and training can improve and enhance an individual's human capital over time.

Human Capital Is