What is Human Capital?

Human capital refers to the knowledge and skills that workers acquire through education, training, and experience. It is an essential component of economic growth and productivity. Unlike physical capital, which includes the stock of equipment and structures used to produce goods and services, human capital focuses on the abilities and expertise of individuals.

Investing in human capital, such as through education and training programs, can lead to improved job performance, higher earnings, and overall economic development. It is a critical factor in the success of businesses and economies worldwide.

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