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In: Economics

What does Coleman mean by human capital? What does he mean by social capital?

What does Coleman mean by human capital? What does he mean by social capital?

Solutions

Expert Solution

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.


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