Human capital

Human capital is a way of defining and categorizing peoples' skills and abilities as used in employment Employment

Employment is a contract [i] between two parties, one being the employer [i] and the oth ... 

 and as they otherwise contribute to the economy. Many early economic theories refer to it simply as labour, one of three factors of production, and consider it to be a commodity -- homogeneous and easily interchangeable.

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Human capital is a way of defining and categorizing peoples' skills and abilities as used in employment Employment

Employment is a contract [i] between two parties, one being the employer [i] and the oth ... 

 and as they otherwise contribute to the economy. Many early economic theories refer to it simply as labour, one of three factors of production, and consider it to be a commodity -- homogeneous and easily interchangeable.

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