Question:
The economic value of a worker's experience and skills, including education, training, intelligence, and health.
The economic value of a worker's experience and skills, including education, training, intelligence, and health.
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Economists view education and training as investments in Human Capital because they increase future productivity and income-generating capacity.
Updated On: Jun 12, 2026
- Human resources
- Financial status
- Human capital
- Bio-data
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The Correct Option is C
Solution and Explanation
Concept:
Economics recognizes that workers contribute more than physical labor. Their education, skills, knowledge, experience, and health significantly increase productivity and economic output.
This accumulated value is known as Human Capital.
Step 1: Understanding Human Capital.
Human Capital includes:
• Education
• Professional training
• Experience
• Technical skills
• Health and productivity
• Intelligence and expertise These factors enhance an individual's earning potential and contribution to economic growth.
Step 2: Evaluating the options.
• Human resources: Refers to employees collectively or the department managing personnel.
• Financial status: Describes monetary position or wealth.
• Human capital: Correct. It represents the economic value embedded in human skills, knowledge, and abilities.
• Bio-data: A document containing personal and professional information.
Step 3: Conclusion.
Therefore, the correct term is Human Capital.
Step 1: Understanding Human Capital.
Human Capital includes:
• Education
• Professional training
• Experience
• Technical skills
• Health and productivity
• Intelligence and expertise These factors enhance an individual's earning potential and contribution to economic growth.
Step 2: Evaluating the options.
• Human resources: Refers to employees collectively or the department managing personnel.
• Financial status: Describes monetary position or wealth.
• Human capital: Correct. It represents the economic value embedded in human skills, knowledge, and abilities.
• Bio-data: A document containing personal and professional information.
Step 3: Conclusion.
Therefore, the correct term is Human Capital.
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