Human Capital and Social Capital

Human capital refers to the skills, knowledge, and experience possessed by individuals that enable them to contribute productively to the economy or organization. It includes education, training, and health. Social capital, on the other hand, involves the networks, relationships, trust, and norms that facilitate cooperation, collaboration, and community engagement. While human capital is about individual abilities, social capital emphasizes the value of social connections and collective trust. Both are crucial for economic growth and societal well-being, as they enhance productivity, innovation, and social cohesion.