Asked by Caden DeValle on Jun 01, 2024
Verified
Human capital refers to the physical tools and equipment that workers use on their jobs to enhance their productivity.
Human Capital
The sum of talent, expertise, or hidden assets belonging to individuals that can lead to economic profit for the people themselves, their employers, or their surrounding community.
Productivity
The measure of how efficiently production inputs, such as labor and capital, are being used in an economy to produce a given level of output.
- Recognize human capital and its impact on productivity and wages.
Verified Answer
ZK
Zybrea KnightJun 03, 2024
Final Answer :
False
Explanation :
Human capital refers to the intangible assets such as skills, knowledge, and experience possessed by an individual or population, which can enhance their productivity and economic value, not the physical tools and equipment.
Learning Objectives
- Recognize human capital and its impact on productivity and wages.