1.1.1 Human Capital

Definition: The time, personal skills, capabilities, experiences, and knowledge of the individual. Human capital includes the entire life experience of the individual. Human capital does not include material or physical assets, which would fall under human-made capital or natural endowments.

Definition Source: None

Human Capital Categories:

1.1.1.1 Capacity for Work: The capacities, skills, personality, and capabilities of an individual.

------1.1.1.1.1 Experience

------1.1.1.1.2 Health

------1.1.1.1.3 Individual Knowledge

------1.1.1.1.4 Personality

------1.1.1.1.5 Skills

1.1.1.2 Development Time: The total time available to an an individual devoted to the development of mental, emotional, and physical skills and abilities. Development Time includes all time devoted to education and training. Most Development Time occurs between birth and 18 years of age. (Definition Source: None)

1.1.1.3 Labor Time: The sum total of individual's time available for or devoted to mental or physical exertion or work. The bulk of labor time occurs between the ages of 18 and 65.

------1.1.1.3.1 Compensated Labor Time

------1.1.1.3.2 Free Labor Time

1.1.1.4 Leisure Time: The total amount of time available to an individual devoted to rest, relaxation, recreation, hobbies, and entertainment. (Definition Source: None)

1.1.1.5 Population: The total human population, including men, women and children. (Definition Source: None)

1.1.1.6 Sleep Time: The total amount of time available to an individual devoted to sleep. (Definition Source: None)

1.1.1.7 Unusable Time: The total amount of unproductive time for an individual, such as commuting time. (Definition Source: None)