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Intellectual capital is the result of mental processes that form a set of intangible objects that can be used in economic activity and bring income to its owner (organization), covering the competencies of its people (human capital), the value relating to its relationships (relational capital), and everything that is left when the employees go home (structural capital), [1] of which ...
Human intelligence is the intellectual capability of humans, which is marked by complex cognitive feats and high levels of motivation and self-awareness. Using their intelligence , humans are able to learn , form concepts , understand , and apply logic and reason .
Individual capital, the economic view of talent, comprises inalienable or personal traits of persons, tied to their bodies and available only through their own free will, such as skill, creativity, enterprise, courage, capacity for moral example, non-communicable wisdom, invention or empathy, non-transferable personal trust and leadership.
In a knowledge economy, human intelligence is the key engine of economic development. It is an economy where members acquire, create, disseminate and apply knowledge to facilitate economic and social development. [23] [24] An economic system that is not knowledge-based is considered to be inconceivable. [25]
Rationalists are prone to favor Weber's value rationality. They assume a human deductive capacity for immediate knowledge of meaningful beliefs and behaviors—fact-free human ends. Empiricists, by contrast, favor Weber's instrumental rationality. They assume a human inductive capacity to recognize how brute facts work as value-free means.
Human capacity for learning is a cornerstone of a happy, better and meaningful life. Pursuing life, career and uncommon knowledge is one of life’s most rewarding endeavors. An intellectual ...
Some contemporary growth theories see human capital as an important economic growth factor. [9] Further research shows the relevance of education for the economic welfare of people. [10] Adam Smith defined four types of fixed capital (which is characterized as that which affords a revenue or profit without circulating or changing masters). The ...
Human intelligence is the intellectual power of humans, which is marked by complex cognitive feats and high levels of motivation and self-awareness. [ 23 ] [ 24 ] Intelligence enables humans to remember descriptions of things and use those descriptions in future behaviors.