HUMAN

CAPITAL
 The money,
Cash or goods used
property, and other
to generate income
valuables that
either by investing
Capital in a business or a
collectivity represent
the wealth of an
different income
individual or
property.
business.
Human Capital

• Human capital is the attributes of a person that are

productive in some economic context.
• Human Capital is the stock of competencies,
knowledge creativity, embodied in the ability to
perform labor to produce economic value.
Human Capital Development

• Human Capital development is the

act of increasing the productive
qualities of labor forces by
providing more education, and by
increasing skill, health, and nutrition
level.
 Types of Human Capital

Knowledge Capital Social Capital

* Trade school education
* Relationship
* College degree
* Social status
* Hard skills
* Professional network
* Work Experience
* Health
* Situational knowledge
* Inteligence
Emotional Capital

• Emotional intelligence
• Creativity
• Problem-solving
• Personal resilience
• Critical thinking
• Loyalty
• Leadership behavior
• Other soft skills
Factors of Human Capital Development

Importing Education

On Job Training

Manpower Planning

Health and Nutrition

 • Country develops if the human capital
is developed.
Role of Human
• Improve quality life.
Capital
• Create positive attributes.
• Eradication of social backward
 • Education is extensively regarded as a route to
economic prosperity and is the key to scientific and
technological advancement.
Education and • Education today is inseparable from the development
Human Capital of human capital.
• It plays a vital role in human capital formation and
is a necessary tool for sustainable socio-economic
growth
Economic Aspect of Human Capital
• Full Utilization of Resources
• Effective Planning
• Improved Infrastructure
• Industrial Performance
• Self Employment
• Modern Technology
• Modern Means of Production
• Reduction in Poverty
Social Aspects of Human Capital

• Increase in Literacy Rate

• Improvement in Health
• Better Living Standards
 • Human capital theory, initially
formulated by Becker (1962) and
Human Capital Rosen (1976), argues that individual
Theory workers have a set of skills or abilities
which they can improve or accumulate
through training and education.
 • Human Capital Theory is about the idea
of humans increasing their productivity
Human Capital Theory and efficiency through a greater focus on
education and training.
• Human Capital is the study of human
resources is talks about the development
of economic value from how to function
as a society.
The basic Theory of Human Capital goes like this:

1. We invest in the physical means of our business, like

machinery or technology.
2. This allows us to produce our stocks or products; and profit
from it.
3. So, we should invest in human capital the same way- through
education and training.
 Referrences
• ( Kelton W.,2022) Human Capital Definition: Types, Examples, and Relationship to the
Economy https://www.investopedia.com/terms/h/humancapital.asp
• ( Eatouh E., 2021) The Types of Human Capital
• https://www.betterup.com/blog/human-capital
• https://www.healthassured.org/blog/human-capital-theory/#:~:text=Human%20capital%2
0theory%20is%20about,we%20function%20as%20a%20society
• https://www.sciencedirect.com/science/article/pii/B9780081019214000142https://www.s
ciencedirect.com/topics/economics-econometrics-and-finance/human-capital-theory
THANK YOU AND GOD BLESS