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Human capital or human assets is a concept used by economists to designate personal attributes considered useful in the production process. It encompasses employee knowledge, skills, know-how, good health, and education. [1] Human capital has a substantial impact on individual earnings. [2]
Human capital, in the form of education, is an even more important determinant of economic growth than physical capital. [5] Deworming children costs about 50 cents per child per year and reduces non-attendance from anemia , illness and malnutrition and is only a twenty-fifth as expensive to increase school attendance as by constructing schools.
In the context of hunger relief, people experiencing 'acute hunger' may also suffer from 'chronic hunger'. The word is used mainly to denote severity, not long-term duration. [7] [8] [5] Not all of the organizations in the hunger relief field use the FAO definition of hunger. Some use a broader definition that overlaps more fully with malnutrition.
In contrast, many economists today consider "human capital" (skills and education) as the fourth factor of production, with entrepreneurship as a form of human capital. Yet others refer to intellectual capital. More recently, many have begun to see "social capital" as a factor, as contributing to production of goods and services.
The concept of human development expands upon the notion of economic development to include social, political and even ethical dimensions.Since the mid-twentieth century, international organisations such as the United Nations and the World Bank have adopted human development as a holistic approach to evaluating a country’s progress that considers living conditions, social relations ...
The Human Capital Index (HCI) is an annual measurement prepared by the World Bank. [1] HCI measures which countries are best in mobilizing their human capital, the economic and professional potential of their citizens. The index measures how much capital each country loses through lack of education and health.
Hunger is a sensation that motivates the consumption of food. The sensation of hunger typically manifests after only a few hours without eating and is generally considered to be unpleasant. Satiety occurs between 5 and 20 minutes after eating. [1] There are several theories about how the feeling of hunger arises. [2]
Examples abound, including Brazil's cash transfers, Uganda's eliminations of user fees and the subsequent huge increase in visits from the very poorest or else Mauritius's dual-track approach to liberalization (inclusive growth and inclusive development) aiding it on its road into the World Trade Organization. [64]