Human Capital and Productive Skills Quiz

Human capital is the stock of skill and productive knowledge embodied in the population.

It refers to a country’s working people in terms of their existing productive skills and abilities.

The positive side is that a large population can be seen as a 'human resource' that can contribute to the country's productive power.

<p>'Human capital formation' is the further development of the existing 'human resource' through education and health, adding to the country's productive power.</p> Signup and view all the answers

<p>Investment in human capital yields returns in the form of higher incomes due to the higher productivity of educated, well-trained, and healthier individuals.</p> Signup and view all the answers

<p>Education, training, and medical care contribute to human capital.</p> Signup and view all the answers

<p>The population's ability to contribute to the Gross National Product is emphasized by viewing them as a 'human resource' with productive skills and abilities.</p> Signup and view all the answers

<p>Both types of investment yield returns that enhance the productive power of the country.</p> Signup and view all the answers