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Question
The stock of skill, ability, education and knowledge of people in a nation, at a point of time, refers to
The stock of skill, ability, education and knowledge of people in a nation, at a point of time, refers to
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Solution
The correct option is D Human Capital
If the labour force can be made more efficient through better education, training and health facilities then that human resource in a nation would be considered as the human capital. Hence, the stock of skill, ability, education and knowledge of people in a nation, at a point of time, refers to human capital.
Human Capital
If the labour force can be made more efficient through better education, training and health facilities then that human resource in a nation would be considered as the human capital. Hence, the stock of skill, ability, education and knowledge of people in a nation, at a point of time, refers to human capital.
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