Correct Answer: Knowledge, skills, and abilities possessed by individuals

Solution : The correct answer is (b) Knowledge, skills, and abilities possessed by individuals.

It represents the attributes and qualities that individuals possess, including their education, training, experience, creativity, and other intangible assets that contribute to their productivity and potential economic contribution.

Human capital is recognized as a crucial factor in economic growth and development. Investing in education, skill development, and training programs can enhance human capital, leading to increased productivity, innovation, and overall economic prosperity.