A(n) _____ implies an increase in human capital.

A) addition of a new machine that laborers use in production
B) increase in wealth
C) more educated labor force
D) increase in the number of schools in a country
E) increase in the quantity of the capital used by a firm

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Educated Labor Force

Individuals within the workforce who have achieved a certain level of education, thereby possessing skills and competencies that contribute to higher productivity and innovation.