Human capital is the sum of the economically usable skills, knowledge, competencies and also the behaviour and health status of the working population of an economy. The term expresses the fact that it is first and foremost education that really enables an individual to become economically productive, just as, in the same way, cultivation is necessary for the soil to be productive. In the literature, the terms human capital and human resources are sometimes used interchangeably.
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2. October 2020 | International Labour Markets