Human Capital Formation

The stock of skill, expertise, education and knowledge in a nation at a point of time know as

• Human development

• None

• Human resource

• Human capital

Machine and buildings are

• Human capital

• None of these

• Physical capital

• Natural capital

Physical capital refers to

• All of these

• Process of acquiring and increasing the number of persons who have skill

• Stock/shares of the companies

• Stock of produced means of production

People as a resource means

• None

• Country's natural capital in terms of their existing productive skills

• Country's fixed capital in terms of their existing productive skills

• Country's working capital in terms of their existing productive skills

Human capital consists of

• Entrepreneurs

• Entire population

• Workers

• Both workers and entrepreneurs

A person becomes a human resource when he/she

• Is willing to work

• Belongs to particular age group

• Is able to work

• All of the above

Human development refers to

• Development of the individuals by acquiring good education

• Consists of skills as used in the process of production

• None

• Both

Human capital is similar to physical capital because

• The are the factors of production

• Raise nation's ability to produce goods and services

• Both

• None

Human capital formation is the procedure of transforming the people in a nation into the workers who are capable of_________

Human capital is stock of

• Habits attributes

• Knowledge attributes

• Goals

• Social attributes