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What does human capital refer to?
  • a)
    The total money invested in a business
  • b)
    The skills, knowledge, and abilities of workers
  • c)
    The physical tools used in production
  • d)
    The natural resources available in an economy
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
What does human capital refer to?a) The total money invested in a busi...
Human capital encompasses the skills, knowledge, and abilities that individuals possess, which enhance their productivity and effectiveness in the workforce. It is crucial for economic growth and is influenced by education and training. An interesting fact is that countries with higher levels of human capital tend to have stronger economies.
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