Which of the following statements is related to the 'Human Capital Theory'?
Human Capital Theory, developed by economists such as Theodore Schultz and Gary Becker, conceptualizes human capital as the aggregate stock of competencies, knowledge,…
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Which of the following statements is related to the 'Human Capital Theory'?
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Correct answer B
Human Capital Theory, developed by economists such as Theodore Schultz and Gary Becker, conceptualizes human capital as the aggregate stock of competencies, knowledge, skills, and social and personal attributes embodied in individuals. Investment in education and training enhances this stock, thereby increasing worker productivity and economic earnings.
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