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| 1. |
What do you mean by human capital |
| Answer» Human capital means the knowledge & enterprise needed to be able to put together the other factors of production into an output for self use or to sell in the market.Human capital formation is the process of adding to the stock of human capital over time.\xa0Human capital can be developed through the creation of skilled, trained, and efficient labor force by providing better education, health care facilities, etc. Highly skilled people can create new ideas and methods of production | |