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Human capital

Human capital Definition

The knowledge, skills, and abilities that allow individuals to produce goods and services.

Additional meaning of Human capital:
Human capital refers to the people and their knowledge, skills, and abilities as used in employment and else where that contribute to the economy .  Essentially, it's the skills, knowledge and experience of individuals employed by an organization that make a worker productive in an economic context.  Human capital may somtimes be refered to as the labor force or workforce.
RELATED TERMS
Physical capital



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