Human capital

Economics concept involving knowledge, skills, and training / From Wikipedia, the free encyclopedia

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Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education.[1] Human capital has a substantial impact on individual earnings.[2] Research indicates that human capital investments have high economic returns throughout childhood and young adulthood.[2][3]

Companies can invest in human capital; for example, through education and training, improving levels of quality and production.[4]

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