How do people invest in human capital?

Answer 1

Education has always made people aware of day to day happenings. They come to know whether hey are exploited or they are in any kind of advantage.

Knowledge is:

1. Expandable and self generating with use: as doctors get more experience, their knowledge base will increase, as will their endowment of human capital. The economics of scarcity is replaced by the economics of self-generation.
2. Transportable and shareable: knowledge can be moved and shared. This transfer does not prevent its use by the original holder. However, the transfer of knowledge may reduce its scarcity-value to its original possessor

Answer 2

Well, the idea of humans as capital basically means that humans have a certain worth to a company (or society). Education increases that worth, making individuals more able to contribute to a company (or to society). So, investing in Education... in your employees, for instance, is worthwhile because then your employees increase their value to you, as an employer. In a general sense, society's investment in educational programs increases people's value to society in general.

Answer 3

Education has always made people aware of day to day happenings. They come to know whether hey are exploited or they are in any kind of advantage.

Knowledge is:

1. Expandable and self generating with use: as doctors get more experience, their knowledge base will increase, as will their endowment of human capital. The economics of scarcity is replaced by the economics of self-generation.
2. Transportable and shareable: knowledge can be moved and shared. This transfer does not prevent its use by the original holder. However, the transfer of knowledge may reduce its scarcity-value to its original possessor

Answer 4

The more you invest in those above (investment in human capita, education, etc), the more GDP growth you're going to have. The more GDP growth there is, the more stable the country & world economy is. They both go hand in hand.

Answer 5

Education is investing in human capital. When an organization takes its employees through a training program, it has invested in the possibility of better service provision and innovation.