Human capital
What Human capital means in Economics B A-Level, as defined for Pearson Edexcel.
Definitions of Human capital
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Check what you remember
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Reference: Pearson Edexcel
The skills and quality of the labour force can be improved through government spending on education and training, or through policies encouraging private sector training.
The education and training of the workforce, which is a factor influencing productivity.
Topics that use Human capital
- Productivity (Pearson Edexcel A-Level)
- Supply-side policies (Pearson Edexcel A-Level)
Related terms
- Capital
- Capital-intensive production
- Competitiveness
- Economic incentives
- Economies of scale
- Infrastructure investment
- Labour market flexibility
- Macroeconomic equilibrium
Using Human capital in the exam
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