Group- F Human Capital Human capital refers to the skills and knowledge possessed by an individual. It is viewed in terms of their value and cost to the business organization. Human capital formation can be increased by investing more in education sector and promoting the importance of gaining knowledge and skill. A measure of labour’s capabilities, including skills, working capacity, education, health, and intelligence, is referred to as Human Capital. The concept of human capital emphasises the idea that not every resource is created equal, but that this difference may be covered with the right training and funding. An educated person makes a greater contribution to economic growth than an illiterate person. Similarly, a healthy person contributes to a longer period of uninterrupted labour supply, which supports economic growth. Thus, a person’s ability to generate income can be increased by different factors like education, health, on-the-job training, job market information, a...
Let's fight against poverty
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