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1 year ago

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

Business

1 answer:

PtichkaEL [24]1 year ago

6 0

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

<h3><u>What is human capital?</u></h3>

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

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Answer:

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