Human capital refers A. The amount of financial capital owned by firms owners B.

Question

Human capital refers A. The amount of financial capital owned by firms owners B. The amount of financial capital owned by workers C. The amount of physical capital firm owns (per worker it employs) D. The unique set of abilities and skills embedded in workers E. The amount of physical capital produced by labor Human capital refers A. The amount of financial capital owned by firms owners B. The amount of financial capital owned by workers C. The amount of physical capital firm owns (per worker it employs) D. The unique set of abilities and skills embedded in workers E. The amount of physical capital produced by labor A. The amount of financial capital owned by firms owners B. The amount of financial capital owned by workers C. The amount of physical capital firm owns (per worker it employs) D. The unique set of abilities and skills embedded in workers E. The amount of physical capital produced by labor

Explanation / Answer

Answer: D

Explanation: Human capital is a term popularized by Gary Becker, an economist from the University of Chicago, and Jacob Mincer that refers to the stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value. The subject is closely associated with the study of human resources management as found in the practice of business administration and macroeconomics.

Source: Wikkipedia- https://www.wikiwand.com/en/Human_capital

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