Srijita

Every employee brings a different value of human capital to the workforce. Human capital, as we discussed, is characterized by factors such as a person's experience, tenure, education, training, and health. For example, the earnings of a person with a college education have shown to be higher in most cases than a person with less education. Also, a person's experience in a certain industry can add value to that person's human capital compared to a new entry. Consider Tom. He has worked in the engineering industry for thirty years, and his experience offers value to a new company because he knows how the industry works and its history.

The human capital theory derives from what we might call neo-classical economics, which separates economic activities from social activities, almost as though the economy is a separate world outside of society itself, and it assumes people act in generally rational and intentional ways at all times. A lot of the nuance of human activities and social meaning is lost in this view of the world. The human capital theory also tries to make very universal statements and doesn't concern itself with a more discrete or specific explanation of less general phenomena.

The group of islands belonging to the Indian territory that lies in the Arabian Sea is Lakshadweep. These islands are situated in the Arabian Sea, to the west of the Indian mainland, and are part of the Union Territory of India.