Human Capital significantly affects the competitiveness of a country's economy. 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. Countries with a high level of human capital tend to have stronger economies because these skills and knowledge contribute to productivity, innovation, and entrepreneurship. For example, individuals like Bill Gates contribute significantly to the economy because of their skills and professional network. Therefore, investing in human capital, such as education and training, can lead to economic growth and competitiveness.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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