Question

It might be a good idea to expand or upgrade a firm's human capital base during a ______, because unemployment is high and therefore human capital is abundant and wages usually _____.

Answer 1

It might be a good idea to expand or upgrade a firm's human capital base during a downturn, because unemployment is high and therefore human capital is abundant and wages usually fall.

Social scientists refer to personal qualities seen to be helpful in the manufacturing process as "human capital." It includes the education, health, and knowledge of the workforce.

The information, skills, and health that people invest in and amass throughout the course of their life give them the opportunity to realize their potential as contributing members of society.

Learn more about human capital here

brainly.com/question/1250724

#SPJ4