In: Economics
What does Coleman mean by human capital? What does he mean by social capital?
• Human capital are the personnel assets, capabilities, and skills retained by the company. These individuals affect how well the firm operates and their ability to achieve strategic goals
• Social capital are the internal and intrinsic
relationships between the company. its employees, and outside
parties. These relationships help the company by reducing the need
for marketing, increasing business demand and communication between
moving parts, and by even reducing costs from suppliers and
financer via better inventory terms. control and financing
offers.