Glossary Terms:

Human Resources and Capital Resources: It's A Match!

Glossary terms from:
http://www.econedlink.org/e419


Capital

Resources and goods made and used to produce other goods and services. Examples include buildings, machinery, tools and equipment. In the context of credit transactions, capital is one of the Three Cs of Credit. It is an indicator of how creditworthy a prospective borrower is likely to be as determined by the borrower's current financial assets and net worth.

Capital Resources

Resources made and used to produce and distribute goods and services; examples include tools, machinery and buildings.

Economics

The study of how people, firms and societies choose to allocate scarce resources with alternative uses.

Human Resources

The health, education, experience, training, skills and values of people. Also known as human capital.

Job

A piece of work usually done on order at an agreed-upon rate. Also a paid position of regular employment.

Resources

The basic kinds of resources used to produce goods and services: land or natural resources, human resources (including labor and entrepreneurship), and capital.

Work

Effort applied to achieve a purpose or result, often for pay; skills and knowledge put to use to get something done; employment at a job or in a position; occupation, profession, business, trade, craft, etc.

Workers

People employed to do work, producing goods and services.