Human Capital significantly impacts economic growth. It refers to the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country. The more human capital a person or workforce has, the more productive they can be, leading to higher output and economic growth. People with high human capital, like Bill Gates, can create companies and jobs, contributing to the economy. However, the value of different skills can vary, affecting the demand for individuals with those skills.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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