Briefly discuss the meaning of human capital

Question Briefly discuss the meaning of human capital.
Chapter Human Capital Formation
Class  Class 12
Subject Economics (Indian Economic Development)
Category Indian Economic Development Class 12 Sandeep Garg Solutions

Question – Briefly discuss the meaning of human capital.

Answer –

Human Capital refers to the stock of skill, ability, expertise , education and knowledge embodied in the people/human being of a nation at a point of time.




It is a stock of professionals and skilled people like engineers , doctors ,management personnels, teachers and workers etc. in a nation at a point of time who are engaged in the production process and contribute to gross domestic production.

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