ELI5: Explain Like I'm 5

Human capital

Human capital is the knowledge that people have that can help them do a job. It includes things like education, experience, or skills. It is the skills and knowledge that a person has that can help them get a job or do a job better, like knowing how to use a computer or how to communicate with other people. It is important because it can help people get better jobs or do their job better and earn more money.