What do you mean by ‘Human capital formation’?


What do you mean by ‘Human capital formation’?

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William 2 years 1 Answer 445 views Silver 0

Answer ( 1 )

  1. Human capital is the stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value.
    Alternatively, Human capital is a collection of resources€”all the knowledge, talents, skills, abilities, experience, intelligence, training, judgment, and wisdom possessed individually and collectively by individuals in a population. These resources are the total capacity of the people that represents a form of wealth which can be directed to accomplish the goals of the nation or state or a portion thereof.

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