Q- What does ‘Human capital’ stand for?
Answer- Human capital stands for the human who are asset to the country. The human resource can become asset to their country when there should be investment in human resource to make it human capital. The investment can be made in form of education and health care facility to improve them. This would improve quality of human capital.
Government should also increase employment opportunity to decrease unemployment as unemployment leads to wastage of manpower resources. The people who are asset to the country become liability to the country if he or she is unemployed.
In fact human capital is a stock of skill and production knowledge embodied in them.