Human capital is

Question

Human capital is

Quizplus · Accepted Answer

Human capital refers to the knowledge, skills, and abilities that a worker possesses, which increases their productivity and potential earning power. This can be acquired through education, training, and on-the-job experience, and is a critical component of economic growth and development. Option A, saving done by human beings, is simply a personal financial behavior and not an economic concept. Option C, labor productivity, is a measure of how much output is produced per unit of labor and is related to human capital, but not the same thing. Option D, investments in capital goods, refers to physical items used to produce other goods, and not related to human capital.

Human Capital Is