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Human capital, intangible collective resources possessed by individuals and groups within a given population. These resources include all the knowledge, talents, skills, abilities, experience, intelligence, training, judgment, and wisdom possessed individually and collectively, the cumulative total of which represents a form of wealth available to nations and organizations to accomplish their goals. Human capital is available to generate material wealth for an economy or a private firm. In a public organization, human capital is available as a resource to provide for the public welfare. How human capital is developed and managed may be one of the most important determinants of economic and organizational performance.

  • Read count 63
  • Date of publication 15-03-2024
  • Main LanguageIngliz
  • Pages8
English

Human capital, intangible collective resources possessed by individuals and groups within a given population. These resources include all the knowledge, talents, skills, abilities, experience, intelligence, training, judgment, and wisdom possessed individually and collectively, the cumulative total of which represents a form of wealth available to nations and organizations to accomplish their goals. Human capital is available to generate material wealth for an economy or a private firm. In a public organization, human capital is available as a resource to provide for the public welfare. How human capital is developed and managed may be one of the most important determinants of economic and organizational performance.

№ Author name position Name of organisation
1 Shamsiya A.S. student Termiz State University
№ Name of reference
1 1. Aghion, P. and P. Howitt (1997), Endogenous Growth Theory, The MIT Press, https://EconPapers.repec.org/RePEc:mtp:titles:0262011662.
2 2. Altinok, N. (2007), “Human Capital Quality and Economic Growth”, HAL, Working Papers.
3 3. Barro, R. and J. Lee (2015), Education Matters, Oxford University Press, https://doi.org/10.1093/acprof:oso/9780199379231.001.0001.
4 4. Becker, G. (1967), Human Capital and the Personal Distribution of Income: An Analytical Approach, Ann Arbor, Michigan: University of Michigan Press.
5 5. Benhabib, J. and M. Spiegel (2005), “Human Capital and Technology Diffusion”, in Aghion, P. and S. Durlauf (eds.), Handbook of Economic Growth, Elsevier, https://EconPapers.repec.org/RePEc:eee:grochp:1-13.
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