Human Capital influences the supply and demand of labor by determining the value of certain skillsets in the job market. Individuals with high human capital, such as specific skills or professional networks, are more valued in the community. This creates a higher demand for these individuals, thus influencing the labor market. On the other hand, if the skills are common or not in high demand, the supply of labor may exceed the demand.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
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