Human Capital and Productivity

Economist Theodore Schultz invented the term military personnel chief city in the sixties to reflect the value of our gentlemans gentleman capacities. He believed human capital was like any other type of capital; He believed that investing on human capital would lead us to a higher production, (Investopedia) Investopedia defines human capital as a measure of the economic value of an employees skill gravel. The concept of human capital recognizes that not all labor is equal and that the flavor of employees can be improved by investing in them. The education, experience and abilities of an employee have an economic value for employers and for the economy as a whole. (Investopedia) Investors Words defines mankind Capital as the set of skills which an employee acquires on the job, through training and experience, and which increase that employees value in the marketplace. (Investors words) Human capital is a way of defining and categorizing peoples skills and abilities as used in employment and otherwise contribute to the economy. (wikipedia) These argon definitions that the dictionary on air and investors words on line give, but in this paper, I will explain human capital and productivity based on Wheelans concepts, and other sources. I use real peoples examples for a better understanding.

Human beings possess qualities, skills, and talents that develop them different from other human beings. Skills atomic number 18 considered human capital because they make you unique; they differentiate you and make you better at something than any one(a) else. There are different types of skills. few human beings possess scarce skills, or human capital, much(prenominal) as a great education and knowledge at computer programming such as Bill gates, or the ability to be the best at basketball or golf, like Michael Jordan or Tiger Woods. These people have a huge human capital because they possess skills no one else has, and these scarce skills give them the opportunity and the advantage to become rich. They enchant paid a lot of money because... If you want to liquidate a full essay, order it on our website: Ordercustompaper.com

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