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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



Your Answer
A

Household Capital

Your Answer
B

Individual Capital

Your Answer
C

Physical Capital

Correct Answer
D

Human Capital


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.

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