human-capital

Vocabulary Word

Definition

'Human capital' refers to the skills, knowledge, and abilities that individuals possess, which can be used for economic gain. It includes what we know and can do.

Examples in Different Contexts

In social impact organizations, 'human capital' is about the skills and passion of the team. An NGO leader might note, 'Our human capital is our greatest asset in making a positive change in the world.'

Practice Scenarios

Technology

Scenario:

We're working on a complex project that requires a blend of technical skills and creative problem-solving. I believe that our team has the potential to deliver.

Response:

The human capital of our team is indeed outstanding. We should maintain this through continuous learning opportunities.

Economics

Scenario:

Investing in education not only benefits individuals but also contributes to the growth and prosperity of our nation.

Response:

Your point emphasizes why we need to consider human capital in our economic policies.