Both depend on the availability of resources or assets such as human capital (ability to work, health and knowledge), social capital (networks, groups and trust), natural capital (land, water and wildlife), physical capital (transport, shelter and energy) and financial capital (savings, credits).
Correspondingly Oakes and Rossi [2] recommends material capital (income, wealth, trust funds, etc)., human capital (skills, abilities, credentials, etc).
According to the human capital theory abilities are acquired through formal education and on-the job training (Becker, 1993).
It has been also defined as one's access to collectively desired resources, like, (1) material capital (income, wealth, trust funds, etc)., (2) human capital (skills, abilities, credentials, etc).
If living standards rise in nations that typically supply us with market-ready human capital, our ability to attract this subsidy to GDP growth could fall.
Intrinsic productivity differences refer to the value of the human capital or ability of immigrants.
The 'workplace' is where neoliberal actors demonstrate their human capital and ability to internalize and perform market logic (efficiency, competitiveness, and personal responsibility) (Fenwick and Somerville 2006; Urciuoli 2008).
From the last expression it is clear that, for a given job, there is a minimum level of initial human capital and learning abilities that the employee needs to have in order to generate positive profits with positive wages.
But there are also cases where individuals with adequate levels of human capital and learning abilities, workers who have the right basic skills or diplomas, can be exclude from jobs of type j if they do not have work experience (or if they cannot signal that they have the right skills).
In simple terms, human capital is the ability to earn money.
