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human capital

American  

noun

  1. the collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

    Education is an investment in human capital that pays off in terms of higher productivity.


human capital British  

noun

  1. economics the abilities and skills of any individual, esp those acquired through investment in education and training, that enhance potential income earning

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of human capital

First recorded in 1795–1805