Question : Which of the following claims regarding human capital is accurate?
Option 1: Human resources and human capital are related to each other
Option 2: Human development and human capital are related to each other
Option 3: Both a and b are correct
Option 4: Both a and b are incorrect
Answer (1)
22nd Jan, 2024
Correct Answer: Both a and b are correct
Solution :
The information, expertise, training, experience, and competencies that people bring to a business are referred to as human capital.
A composite statistic that takes into account per capita income, life expectancy, and education determines the level of human development in an economy.
Hence option c is the correct answer.
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