Human capital refers to skills, experience, attitudes, aptitudes of the human input into production. Deficiencies in human capital can be a major barrier to raising productivity, per capita incomes and sustaining improved competitiveness.
Human capital is a measure of individuals’ skills, knowledge, abilities, social attributes, personalities and health attributes. These factors enable individuals to work, and therefore produce something of economic value.
Human capital in the UK economy can be improved by:
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