Human capital refers to the skills, knowledge, and experience possessed by individuals that contribute to their economic value. It encompasses education, training, and personal attributes that enhance productivity and innovation in the workforce. Investing in human capital can lead to improved job performance and higher earnings.
Organizations and governments often focus on developing human capital through education and professional development programs. This investment not only benefits individuals but also boosts overall economic growth and competitiveness. By fostering a skilled workforce, societies can adapt to changing market demands and technological advancements, ultimately leading to greater prosperity.