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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


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 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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