Which term best describes the skills, talents, and abilities people possess?

The term that best describes the skills, talents, and abilities people possess is "human resources." This concept encompasses the qualities and capabilities that individuals bring to the workforce and includes education, experience, interpersonal skills, and personal attributes that enable them to perform effectively in various roles. Human resources are fundamentally about the value that individuals contribute through their knowledge and abilities, which are essential for personal and organizational success.

In contrast, intangible resources refer to non-physical assets like brand reputation or intellectual property, while tangible resources are physical and measurable assets such as buildings and machinery. Material resources are typically associated with physical goods and materials used for production or other operational purposes. Thus, human resources uniquely captures the essence of people’s skills and abilities as integral to an organization's effectiveness and productivity.