-What is meant by the term human capital?
A)The total number of people employed by a firm.
B)Those who must continually learn and use theoretical and analytical knowledge in their work.
C)The ideas and effort that are put into the production process by individuals.
D)The accumulation of all skills and knowledge acquired by individuals.
E)The quantity of labour employed through employment agencies.

Question

-What is meant by the term human capital?
A)The total number of people employed by a firm. 
B)Those who must continually learn and use theoretical and analytical knowledge in their work. 
C)The ideas and effort that are put into the production process by individuals. 
D)The accumulation of all skills and knowledge acquired by individuals. 
E)The quantity of labour employed through employment agencies.

Quizplus · Accepted Answer

Human capital refers to the accumulation of skills, knowledge, and experience possessed by individuals, which can be used to create economic value.

-What Is Meant by the Term Human Capital