What is the definition of 'Human Capital' provided in the text?

Human capital is defined as the totality of innate abilities and acquired knowledge, skills, and competencies used to satisfy the diverse needs of an individual and society as a whole. For the assessment of human capital, the Human Development Index (HDI) is used, which is calculated based on several indicators: life expectancy, literacy, and income. HDI values can range from 0 to 1. A value of 0.800 is considered the lower threshold for developed regions.