Definition of human capital

What Money Can Buy  October 10, 2017 – 03:55 am

“Injustice is censured because the censures are afraid of suffering, and not from any fear which they have of doing injustice. – Plato (Classical Greek philosopher)

In economics, human capital is defined as a concept designated to describe the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

If we breakdown the definition of human capital and put it into perspective at a global scale, you’ll understand that we have undervalued the meaning of life by putting labor gain, profit, revenue and cost as the foremost valuable asset in a person. Rather than integral and fundamental values that create a positive impact in a person’s life based on ethical and wholesome practices.

Our society is direct reflection of the inner values and standards we cultivate and promote among people and communities. The outcome of our meaningless and superficial practices has resulted in a series of disasters, misguided and poorly handled decisions that only exceeded the number of problems rather than creating intelligent solutions. Which only continuous to contribute to undermine the value of humanity and the rights of individuals by put it at the end of global agenda and top priorities.

Source: Seventh Lotus

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