The accumulation of investments in people, such as education and on-the-job training, is known as
A)physical capital.
B)human capital.
C)efficiency wage.
D)compensating differentials.

Question

Quizplus · Accepted Answer

Human capital refers to the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country. Investments in education and on-the-job training are key ways to increase human capital.

The Accumulation of Investments in People, Such as Education and On-The-Job