Human Capability Definition
DEFINITION OF TERMS
Human Capabilities
Human capability refers to an individual’s capability of achieving a kind of life they consider valuable such as good health, being in loving safe environments and relationships (Sen, 1997).
Human Capital
Human capital can be defined as knowledge and skills that can be used to create economic value of individuals or their community, which also assists in creating a better social life for the population as large. For example education is an investment in human capital that pays off in terms of higher productivity (human capital, dictionary).
Local systems of innovation
According to Cooke et al (1997), Local systems of innovation refers to institutions and organizations that are involved in organized
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the concept of human capability is based on the ability to generate an outcome, it can be through education as being the main aspect for human beings to flourish and increase their productivity (Deneulin & Shahani, 2009). The stability of Human capabilities is achieved through family structures and basic provisions such as education, housing, nutrition and security. Human capability also plays a role in making education a tool to ensure economic growth, individual development as well as empowering citizens and ensuring that resources and employment opportunities are equally distributed. Even though human capability is proven to be effective there are setbacks that can be experienced for example an uneducated or disabled individual may be limited when it comes to job opportunities or making decision because of their …show more content…
Human capability is how people live their lives on daily basis as well as what kind of decisions they take, how they deal with conflict and stress, human capabilities are mostly influenced by individual traits, attributes and personality. However human capital approach differs significantly from the human capabilities approach because it focuses on the creation of productive agents (Sen, 1999).Human capital can be transferred through teaching, learning and training provided by institutions such as universities and training facilities. These institution focus mainly on skills development and education. For example if education makes a person more resourceful in commodity production (employable), then this is obviously an enhancement of human capital. This can improve the economic growth of the country and the income of the person who has been
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