Commerce Exam > Commerce Videos > Economics Class 12 > What is Human Capital?
What is Human Capital? Video Lecture | Economics Class 12 - Commerce
|
64 videos|275 docs|52 tests
|
FAQs on What is Human Capital? Video Lecture - Economics Class 12 - Commerce
| 1. What is human capital? |  |
Ans. Human capital refers to the knowledge, skills, abilities, and other qualities possessed by individuals that contribute to their productivity and economic value in the labor market. It encompasses both the formal education and training as well as the on-the-job experience and personal attributes that individuals bring to their work.
| 2. How is human capital different from physical capital? | |
Ans. Human capital is different from physical capital in that it refers to the skills, knowledge, and attributes of individuals, whereas physical capital refers to the tangible assets such as machinery, equipment, and infrastructure that are used in production. While physical capital can enhance productivity, it is the utilization and development of human capital that drives innovation, creativity, and adaptability in the workforce.
| 3. Why is human capital important for economic growth? | |
Ans. Human capital is critical for economic growth as it directly impacts productivity and innovation. When individuals possess high levels of human capital, they are more productive in their work, leading to increased output and economic efficiency. Moreover, a highly skilled and educated workforce can drive innovation, technological advancements, and overall economic competitiveness.
| 4. How can human capital be developed? | |
Ans. Human capital can be developed through a range of strategies, including formal education systems, vocational training programs, on-the-job training, and continuous learning opportunities. Investments in education and training, as well as policies that promote lifelong learning, can enhance human capital development. Additionally, creating an environment that fosters knowledge-sharing, collaboration, and skill-building within organizations can also contribute to the development of human capital.
| 5. What are the potential challenges in measuring human capital? | |
Ans. Measuring human capital can be challenging due to its intangible nature. Unlike physical capital, which can be easily quantified, human capital involves complex factors such as knowledge, skills, and attributes that are not easily measured. Additionally, determining the monetary value of human capital and its contribution to economic outcomes can be subjective and context-dependent. However, various methods, such as surveys, assessments, and economic modeling, are used to estimate and measure human capital to inform policy and decision-making processes.
Related Exams
About this Video
|
4.81/5 Rating |
|
Dec 22, 2024 Last updated |
Video Description: What is Human Capital? for Commerce 2024 is part of Economics Class 12 preparation.
The notes and questions for What is Human Capital? have been prepared according to the Commerce exam syllabus.
Information about What is Human Capital? covers all important topics for Commerce 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for What is Human Capital?.
Introduction of What is Human Capital? in English is available as part of our Economics Class 12 for Commerce & What is Human Capital? in
Hindi for Economics Class 12 course. Download more important topics related with notes, lectures and mock test series for
Commerce Exam by signing up for free.
Description
Video Lecture & Questions for What is Human Capital? Video Lecture | Economics Class 12 - Commerce - Commerce full syllabus preparation | Free video for Commerce exam to prepare for Economics Class 12.
Information about What is Human Capital?
Here you can find the meaning of What is Human Capital? defined & explained in the simplest way possible.
Besides explaining types of What is Human Capital? theory, EduRev gives you an ample number of questions to practice What is Human Capital? tests,
examples and also practice Commerce tests.
|
64 videos|275 docs|52 tests
|
|
Explore Courses for Commerce exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Extra Questions
,What is Human Capital? Video Lecture | Economics Class 12 - Commerce
,Important questions
,study material
,mock tests for examination
,Semester Notes
,past year papers
,Objective type Questions
,What is Human Capital? Video Lecture | Economics Class 12 - Commerce
,Sample Paper
,MCQs
,video lectures
,shortcuts and tricks
,ppt
,Viva Questions
,practice quizzes
,Exam
,Previous Year Questions with Solutions
,Summary
,What is Human Capital? Video Lecture | Economics Class 12 - Commerce
,Free
;
Study What is Human Capital? on the App
Students of Commerce can study What is Human Capital? alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the What is Human Capital?,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of What is Human Capital? is prepared as per the latest Commerce syllabus.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup