Question : The "cost of healthcare" is an example of:
Option 1: Social capital
Option 2: Physical capital
Option 3: Human capital
Option 4: Financial capital
Answer (1)
23rd Jan, 2024
Correct Answer: Human capital
Solution : The correct answer is (c) Human capital.
The "cost of healthcare" is indeed an example of human capital. Human capital refers to the knowledge, skills, and health of individuals that contribute to their productivity and economic value. The cost of healthcare directly relates to the investment and expenditure required to develop and maintain the health and well-being of individuals, which is an essential component of human capital.
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