In economic terminology, the accumulated training and education that workers receive to increase their productivity is referred to as

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The accumulated training and education that workers receive to increase their productivity is referred to as human capital. This is different from physical capital, which refers to the tools and machinery that are used in the production process. Human capital is an important factor in economic growth and development because it allows workers to produce more output per unit of input, which increases overall productivity and living standards.

In Economic Terminology, the Accumulated Training and Education That Workers