Question

What another example of human capital other than education

Answer 1

Some other examples of human capital are :

Vocational training. Direct training for skills related to jobs, electrician, plumbing nursing. A skilled profession requires particular vocational training.

A climate of creativity. An education which enables children to think outside the box can increase human capital in a way that ‘rote learning’ and an impressive accumulation of facts may not.

Competitiveness. An environment which encourages self-employment and the creation of business enables greater use of potential human capital in an economy.

Infrastructure. The infrastructure of an economy will influence human capital. Good transport, communication, availability of mobile phones and the internet are very important for the development of human capital in developing economies.