Describe the term "human capital" who used the term and why?

Human capital is a loose term that refers to knowledge, experience and skills of an employee. The theory of human capital is relatively new in finance and economics.

Explanation:

The idea of human capital can be traced back to the 18th century. Adam Smith referred to the concept in his book "An Inquiry into the Nature and Causes of the Wealth of Nations," in which he explored the wealth, knowledge, training, talents, and experiences for a nation. some exaplmes are Education.

Technical or on-the-job training.

Health.

Mental and emotional well-being.

Punctuality.

Problem-solving.

People management.

Communication skills.

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