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Define human capital. - Home Science

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Question

Define human capital.

Definition

Solution

According to the OECD, human capital is defined as the knowledge, skills, competencies, and other attributes embodied in individuals or groups of individuals acquired during their life and used to produce goods, services, or ideas in market circumstances.

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Human Capital
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Chapter 14: Social and Economic Issues in India - EXERCISES [Page 192]

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Oswal Home Science [English] Class 10 ICSE
Chapter 14 Social and Economic Issues in India
EXERCISES | Q 12. i. | Page 192
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