How is human capital beneficial for us? – InterviewSolution

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1.	How is human capital beneficial for us?
Answer» The concept of human CAPITAL refers to the education, on-the job training, and work EXPERIENCE of the labor FORCE. It is analogous to other forms of capital in that investments in human capital yield income and other benefits over a long time. An investment in human capital means investing in education or some form of on-the job training to improve workforce quality. Such investments provide RETURNS to the individual as WELL as to the economy as a whole. Individuals benefit from higher earnings, and the economy as a whole benefits from higher productivity. Hope this may help you

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