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Human capital includes basic values, beliefs and attitudes?
1) True
2) False

User Maharkus
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1 Answer

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Final answer:

Human capital mainly refers to the tangible and measurable aspects such as information, skills, knowledge, education, and health that contribute to a worker's productivity. Although values, beliefs, and attitudes affect an individual's behavior and work approach, they are not considered part of human capital in the economic sense.

Step-by-step explanation:

The question of whether human capital includes basic values, beliefs, and attitudes can be clarified by looking at what human capital encompasses. Human capital refers to the information, skills, knowledge, education, and health of workers that contribute to their productivity. While values, beliefs, and attitudes certainly influence an individual's behavior and approach to work, they are not typically classified as components of human capital in economic terms. Human capital is more concerned with the tangible and measurable aspects like education and skills that can directly contribute to economic productivity. For example, the industrial revolution greatly benefited from the human capital of workers, particularly their accumulated skills and education, rather than their personal values or beliefs.

User Jason Stewart
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