Q.Write a short note on: Human Capital

Human capital is the stock of knowledge, skill, education, training and health embodied in people that raises their productivity; it is created by investing in education, health and skill development.

This is a 2-mark short-note question in the AP Intermediate 2nd-year Economics human-resources unit.

Human capital means the productive qualities built into human beings. Just as physical capital (machines, buildings) is created by investment, human capital is created by investment in education, training, health and nutrition. A more educated, skilled and healthy workforce produces more and better output, so human capital is …