Economists refer to expenditures on training, education, and skill development designed to increase the productivity of an individual as:

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Expenditures on training, education, and skill development that aim to increase an individual's productivity are referred to as investments in human capital. This type of investment is similar to investing in physical capital, such as machinery or technology, and is expected to generate a return in the form of increased productivity and higher wages over time.

Economists Refer to Expenditures on Training, Education, and Skill Development