The economic value of a worker's experience and skills is called ____

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The economic value of a worker's experience and skills is called human capital.
Human Capital is the knowledge, skill and experience in a work that enables them to do a job. In other words, knowledge and enterprise are needed for people to put together the other factors of production, like natural resources and physical capital. This is called human capital. It includes attributes like technical know-how, good health, education and other skills relevant to the required profession. Investment in human capital helps us realise our potential as productive members of a group or nation. Even companies spend a certain amount of training period in accentuating or honing the quality of human capital of their employees.

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