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Question : Human capital refers to:

 

Option 1: Physical assets owned by individuals

Option 2: Knowledge, skills, and abilities possessed by individuals

Option 3: Financial resources invested in education

Option 4: Natural resources utilized by individuals


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 4th Jan, 2024

Correct Answer: Knowledge, skills, and abilities possessed by individuals


Solution : The correct answer is (b) Knowledge, skills, and abilities possessed by individuals.

It represents the attributes and qualities that individuals possess, including their education, training, experience, creativity, and other intangible assets that contribute to their productivity and potential economic contribution.

Human capital is recognized as a crucial factor in economic growth and development. Investing in education, skill development, and training programs can enhance human capital, leading to increased productivity, innovation, and overall economic prosperity.

 

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