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    Human Capital

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    manitomarriz.bipsu
    Human capital refers to the knowledge, skills, and health that enable individuals to be productive. It is developed through investments in education, training, and other activities that improve health. There are different types of human capital including knowledge capital from education, social capital from relationships, and emotional capital from soft skills. Countries and businesses that develop human capital through education, on-the-job training, and health programs can increase productivity and economic growth. The human capital theory argues that individuals and societies should invest in education and training to increase skills and productivity in the same way they invest in physical capital and machinery.

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    Human Capital

    Uploaded by

    manitomarriz.bipsu
    18 views18 pages
    Human capital refers to the knowledge, skills, and health that enable individuals to be productive. It is developed through investments in education, training, and other activities that improve health. There are different types of human capital including knowledge capital from education, social capital from relationships, and emotional capital from soft skills. Countries and businesses that develop human capital through education, on-the-job training, and health programs can increase productivity and economic growth. The human capital theory argues that individuals and societies should invest in education and training to increase skills and productivity in the same way they invest in physical capital and machinery.

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    Human capital refers to the knowledge, skills, and health that enable individuals to be productive. It is developed through investments in education, training, and other activities that improve health. There are different types of human capital including knowledge capital from education, social capital from relationships, and emotional capital from soft skills. Countries and businesses that develop human capital through education, on-the-job training, and health programs can increase productivity and economic growth. The human capital theory argues that individuals and societies should invest in education and training to increase skills and productivity in the same way they invest in physical capital and machinery.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    18 views18 pages

    Human Capital

    Uploaded by

    manitomarriz.bipsu
    Human capital refers to the knowledge, skills, and health that enable individuals to be productive. It is developed through investments in education, training, and other activities that improve health. There are different types of human capital including knowledge capital from education, social capital from relationships, and emotional capital from soft skills. Countries and businesses that develop human capital through education, on-the-job training, and health programs can increase productivity and economic growth. The human capital theory argues that individuals and societies should invest in education and training to increase skills and productivity in the same way they invest in physical capital and machinery.

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    © All Rights Reserved
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    Download as pptx, pdf, or txt
    of 18

    HUMAN

    CAPITAL
    The money,
    Cash or goods used
    property, and other
    to generate income
    valuables that
    either by investing
    Capital in a business or a
    collectivity represent
    the wealth of an
    different income
    individual or
    property.
    business.
    Human Capital

    • Human capital is the attributes of a person that are


    productive in some economic context.
    • Human Capital is the stock of competencies,
    knowledge creativity, embodied in the ability to
    perform labor to produce economic value.
    Human Capital Development

    • Human Capital development is the


    act of increasing the productive
    qualities of labor forces by
    providing more education, and by
    increasing skill, health, and nutrition
    level.
    Types of Human Capital

    Knowledge Capital Social Capital


    * Trade school education
    * Relationship
    * College degree
    * Social status
    * Hard skills
    * Professional network
    * Work Experience
    * Health
    * Situational knowledge
    * Inteligence
    Emotional Capital

    • Emotional intelligence
    • Creativity
    • Problem-solving
    • Personal resilience
    • Critical thinking
    • Loyalty
    • Leadership behavior
    • Other soft skills
    Factors of Human Capital Development

    Importing Education

    On Job Training

    Manpower Planning

    Health and Nutrition


    • Country develops if the human capital
    is developed.
    Role of Human
    • Improve quality life.
    Capital
    • Create positive attributes.
    • Eradication of social backward
    • Education is extensively regarded as a route to
    economic prosperity and is the key to scientific and
    technological advancement.
    Education and • Education today is inseparable from the development
    Human Capital of human capital.
    • It plays a vital role in human capital formation and
    is a necessary tool for sustainable socio-economic
    growth
    Economic Aspect of Human Capital
    • Full Utilization of Resources
    • Effective Planning
    • Improved Infrastructure
    • Industrial Performance
    • Self Employment
    • Modern Technology
    • Modern Means of Production
    • Reduction in Poverty
    Social Aspects of Human Capital

    • Increase in Literacy Rate


    • Improvement in Health
    • Better Living Standards
    • Human capital theory, initially
    formulated by Becker (1962) and
    Human Capital Rosen (1976), argues that individual
    Theory workers have a set of skills or abilities
    which they can improve or accumulate
    through training and education.
    • Human Capital Theory is about the idea
    of humans increasing their productivity
    Human Capital Theory and efficiency through a greater focus on
    education and training.
    • Human Capital is the study of human
    resources is talks about the development
    of economic value from how to function
    as a society.
    The basic Theory of Human Capital goes like this:

    1. We invest in the physical means of our business, like


    machinery or technology.
    2. This allows us to produce our stocks or products; and profit
    from it.
    3. So, we should invest in human capital the same way- through
    education and training.
    Referrences
    • ( Kelton W.,2022) Human Capital Definition: Types, Examples, and Relationship to the
    Economy https://www.investopedia.com/terms/h/humancapital.asp
    • ( Eatouh E., 2021) The Types of Human Capital
    • https://www.betterup.com/blog/human-capital
    • https://www.healthassured.org/blog/human-capital-theory/#:~:text=Human%20capital%2
    0theory%20is%20about,we%20function%20as%20a%20society
    • https://www.sciencedirect.com/science/article/pii/B9780081019214000142https://www.s
    ciencedirect.com/topics/economics-econometrics-and-finance/human-capital-theory
    THANK YOU AND GOD BLESS

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