What does human capital mean

Human capital

human capital. Natural performance potential of an individual and acquired through training. The term human capital expresses the investment character of qualified training as a growth factor.

(human capital)

Human capital is the natural performance potential of an individual, acquired through training. The term human capital expresses the investment character of qualified training as a growth factor.

see also
>>> human resources,

Human capital is generally understood to mean the abilities, skills, knowledge, and abilities of individuals relevant to economic activities (see also human resource management). The economic usability of private knowledge thus plays a central role in the amount of human capital. In economics, + capital as a production factor is usually understood to mean the stock of physical capital (real capital) in an economy. It is the result of investments made in the past. Analogous to this concept of capital, human capital, although not a physically tangible quantity, results from investments in education and training made in the past (this includes formal training, such as school and study, retraining, continuous training, active research and development, etc.), combined with the expectation, to increase productivity or "returns" (income, prestige, satisfaction, etc.). This type of "capital" is always inextricably linked to a specific person (as opposed to real capital).

Term for the performance potential that a single person or groups of people (e.g. the population of a country) have. The performance potential results from the application possibilities of the totality of knowledge, abilities, skills and experience of these persons in the production of goods. The human capital is therefore decisive for the level of the national product of an economy, for the success of a company or for the income of a person.

In the environmental economy:

Macroeconomic term. Describes the capacity of the population represented in terms of labor.

In economic sociology: [1] human capital, intangible capital, non-physical capital, immaterial capital, central concept in educational economics and planning: Education and training are viewed as capital invested in people (and attempted to quantify) that of its owner Income in the form of monetary (wages, salaries) and also non-monetary (satisfaction, social skills) "income".

[2] In a broader sense, human capital includes all those expenditures that serve the purpose of the physical production and reproduction of humans as well as the creation of intellectual, economic (e.g. professional), social (e.g. communicative) and political (e.g. participatory) skills or qualifications .

Labor capacity, human capital theory

Previous technical term: Humanization of the world of work | Next technical term: human capital theory



Report this article to the editors as incorrect & mark it for editing