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Governments in Australia are interested in ways to improve human capital. For example, improving human capital is a key stream of the Council Of Australian Government's (COAG's) National Reform Agenda (NRA). Human capital refers to the set of attributes that individuals possess, including knowledge, skills, work experience, health and intangible characteristics such as motivation. Human capital may be acquired, or enhanced, through formal education or training, and by other, informal means (for example, through the experiences of undertaking daily activities at home or at the workplace).
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