What is human capital?
A)labor productivity
B)buildings,equipment,and machinery owned by individuals rather than firms
C)buildings,equipment,and machinery owned by firms
D)the accumulated knowledge and skills that workers acquire from education,training,and their life experiences

Question

Quizplus · Accepted Answer

Human capital refers to the accumulation of knowledge, skills, and experience that individuals acquire through education, training, and life experiences. This can include formal education such as degrees and certifications, as well as informal learning such as on-the-job training and life experience. Human capital is an important determinant of labor productivity, as individuals with greater human capital tend to be more productive and earn higher wages.

What Is Human Capital