| Question | Briefly discuss the meaning of human capital. |
| Chapter | Human Capital Formation |
| Class | Class 12 |
| Subject | Economics (Indian Economic Development) |
| Category | Indian Economic Development Class 12 Sandeep Garg Solutions |
Question – Briefly discuss the meaning of human capital.
Answer –
Human Capital refers to the stock of skill, ability, expertise , education and knowledge embodied in the people/human being of a nation at a point of time.
It is a stock of professionals and skilled people like engineers , doctors ,management personnels, teachers and workers etc. in a nation at a point of time who are engaged in the production process and contribute to gross domestic production.
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