Human capital refers to the skills, knowledge, training, and education that workers possess and can use to perform their jobs effectively. It is an important factor in economic growth and development, as a workforce with high levels of human capital can be more productive and innovative, leading to higher levels of output and income.

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Human Capital Is

Question 31

Multiple Choice

Human capital is

A) what people get from physical capital.
B) the accumulation of skills, training and education of workers.
C) the value of funds that entrepreneurs obtained from other people.
D) the human resources that perform the function of raising capital.

Correct Answer: