Q.

Knowledge, technical skill, education etc. in economics, are regarded as -

A. social-overhead capital
B. human capital
C. tangible physical capital
D. working capital
Answer» B. human capital
Explanation: Human capital is the stock of competencies, knowledge, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value. It is an aggregate economic view of the human being acting within economies, which is an attempt to capture the social, biological, cultural and psychological complexity as they interact in explicit and/or economic transactions.
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