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
Get Answers For Free
Most questions answered within 1 hours.