Well, when you have a lot of human capital, then the workers know how to do their jobs better and so they do their jobs better (obviously lol) and it helps the company and economy in general.
Education directly affects the level of human capital (skill and knowledge we acquire), which is an input in economic production. Human capital increases economic growth by decreasing the costs of production and therefore increasing cost efficiency.
The more you invest in human capital the higher your GDP goes.
the ability a person has to contribute to an economy
without it there would be no human life therefore no economy
There are many factors that can affect capital structure. The most common factor is a downturn in the economy. A decrease in sales can also affect the capital structure.
it increases it (gdp)
I need this answer too :(
Such investments provide returns to the individual as well as to the economy as a whole. ... The quality of the labor force, or investment in human capital, can be ... of the cost should be borne by companies, individuals, and government agencies. ... increased economic productivity as the human capital model would suggest.
how does affect the all economy
it does not affect the economy
What_is_inflation_on_working_capitalimpact of inflation onworkingcapital
They are a kind of human capital and they are called that because, like machinery, they are long-duration inputs that affect the productivity of labour.