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Question : Which of the following claims regarding human capital is accurate?

Option 1: Human resources and human capital are related to each other
 

Option 2: Human development and human capital are related to each other

Option 3: Both a and b are correct

Option 4: Both a and b are incorrect


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Both a and b are correct


Solution : The information, expertise, training, experience, and competencies that people bring to a business are referred to as human capital.
A composite statistic that takes into account per capita income, life expectancy, and education determines the level of human development in an economy.
Hence option c is the correct answer.

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