Question

The skills embodied in workers through experience, education and on-the-job-training are known as _____.

Answer 1

The skills embodied in workers through experience, education and on-the-job-training are known as human capital.

What is human capital?

• 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.
• Individual incomes are significantly impacted by human capital. According to research, making investments in human capital pays off handsomely throughout youth and young adulthood.
• Through education and training, for instance, businesses can invest in human capital, enabling higher standards of quality and output.

Paul Romer, who created the current innovation-driven approach to comprehending economic growth, was jointly awarded the 2018 Nobel Prize for Economics as a result of his conceptualization and modeling work incorporating Human Capital as a crucial aspect.

Know more about human capital with the help of the given link:

brainly.com/question/1415400

#SPJ4