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How is human development a broader term as compared to human capital?

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IELTS, Interviewer, Spoken English trainer with 2 years of experience in IELTS industry.

Human capital considers education and health as a means to increase labour productivity. On the other hand, human development is based on the idea that education and health are integral to human well-being because only when people have the ability to read and write and the ability to lead a long and...
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Human capital considers education and health as a means to increase labour productivity. On the other hand, human development is based on the idea that education and health are integral to human well-being because only when people have the ability to read and write and the ability to lead a long and healthy life, they will be able to make other choices they value. In human capital view, any investment in education and health is unproductive, if it does not enhance the output of goods and services. In the human development perspective, human beings are ends in themselves. So, human capital is a part of human development. read less
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Teaching is more than just a job, it is a responsibility. A responsibility to help shape career..

Human development is a broader term than human capital as it encompasses many areas of human welfare that are not covered under human capital. ... Human development is much concern that education and health are integral to human well-being. Thus it is a broader term.
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