Factors Determining Different Forms of Capital

Abstract

Human capital is the stock of knowledge, habits, social and personality attributes, including creativity, embodied in the ability to perform labor so as to produce economic value. Many theories, explicitly connecting investments in education, and the role of human capital in economic development, productivity, growth, and innovations, have frequently been cited as a justification for government subsidies for education and job skills training. The main objective of this paper is to summarize various factors which influence the creation of human capital. There are so many factors (educational, intellectual, environmental, advancement in technology, population, social, physical, science) which influence the human capital, which play significant role in the human capital creation.