A new startup is planning to establish a restaurant in Savannah that emphasizes sustainable and locally sourced ingredients. They decide to send all of their sous-chef advance training that will make them more efficient in the kitchen.

Question

This would be an example of what type of investment?

Labor

Physical Capital
Entreprenuership

Human Capital

Answer 1

The investment in sending sous-chefs for advanced training to make them more efficient in the kitchen is an example of Human Capital investment. Human capital refers to the skills, knowledge, and experience possessed by individuals, which can be enhanced through education and training.