5 Questions
Who included the concept of human capital in the definition of capital?
Adam Smith
What does human capital encompass?
Employee knowledge, skills, know-how, good health, and education
What type of investments can companies make in human capital?
Education and training, improving levels of quality and production
Which economist may have used the term 'human capital' first?
Irving Fisher
According to Arthur Cecil Pigou, what can be invested in besides material capital?
Human capital
Test your knowledge of human capital with this insightful quiz. Explore the key concepts related to human assets, including skills, education, and their impact on individual earnings. Challenge yourself with questions on the economic returns of human capital investments and their significance across different life stages.
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