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6. What is human resource? Why human capital is considered as an important capital ofIndia? |
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Answer» Explanation: Human capital is an intangible asset or quality not listed on a company's balance SHEET. It can be classified as the economic value of a worker's experience and SKILLS. This includes ASSETS like EDUCATION, training, intelligence, skills, health, and other things employers value such as LOYALTY and punctuality. The concept of human capital recognizes that not all labor is equal. But employers can improve the quality of that capital by investing in employees—the education, experience, and abilities of employees all have economic value for employers and for the economy as a whole. |
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