What do you mean by ‘Human capital formation’?

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What do you mean by ‘Human capital formation’?

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William 1 year 1 Answer 367 views Silver 0

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  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.
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    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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