Human capital
| Part of the behavioral sciences |
| Economics |
|---|
| Principles of Economics |
Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. Human capital has a substantial impact on individual earnings. Research indicates that human capital investments have high economic returns throughout childhood and young adulthood.
Companies can invest in human capital; for example, through education and training, improving levels of quality and production.