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Human Capital refers to the collective knowledge, skills and abilities of an organisation’s employees. In modern times, it is also used as a substitute to HR.
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Human Capital:
It is an economic expression for the collection traits of all the knowledge, talents, skills, abilities, experience, intelligence, training, judgment, and wisdom possessed individually and collectively by individuals in a population.
These resources are the total capacity of the people that represents a form of wealth which can be directed to accomplish the goals of the nation or state or a portion thereof.
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