Question

Alejandro owns a small landscaping business. he hires a​ part-time employee to handle the bookkeeping activities. which factor of production does this employee​ represent?

a. physical resources
b. capital
c. information resources
d. entrepreneurs
e. human capital

Answer 1

I believe this employee represents E. human capital.
This term, coined by Gary Becker and Jacob Mincer, refers to the sum of a person's knowledge, habit, social and personality attributes. Although usually capital refers to money and other resources, in this case the resource is a human being, which is why E is the correct answer.