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According to the author, many of the advances of western civilization resulted from
Human Capital
The collection of skills, knowledge, and experience possessed by an individual or workforce, viewed in terms of their value or cost to an organization.
Forecasted
Refers to the estimated or predicted outcomes in the future based on current and historical data.
HR Forecasting
The process of estimating the future human resources requirements of an organization, based on its business goals, projected retirements, turnovers, and market factors.
Human Capital
The collective skills, knowledge, and other intangible assets of individuals that can be used to create economic value.
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