Please answer this question in 30 to 40 words / 3 to 4 points.....

Q. Human capital benefits only the owner not the society. Defend or refute??????

Dear Student, Human capital is the stock of habits, knowledge, social and personality attributes embodied in the ability to perform labour so as to produce economic value. Human capital is unique and differs from any other capital. Human capital benefits not only the owner but also the society in general. This is called external benefit. An educated person can effectively take part in a democratic process and contribute to the socio-economic progress of a nation. A healthy person, by maintaining personal hygiene and sanitation, stops the spread of contagious diseases and epidemics. Thus we can say that, Human capital creates both private and social benefits. Regards.