John has financial assets totaling $1.5 million, and he plans to use these assets to start his own business. Since John owns these funds and will not need to borrow to start his business, these assets are considered human capital.

Question

Quizplus · Accepted Answer

Human capital refers to the economic value of a worker's experience and skills, including education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality. Financial assets, like the $1.5 million John has, are considered financial capital, not human capital.

John Has Financial Assets Totaling $1