ECONOMICS
ECONOMIC GROWTH
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Capital Goods
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Productive Resources
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Human Capital
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Physical Capital
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Detailed explanation-1: -Human capital allows an economy to grow. When human capital increases in areas such as science, education, and management, it leads to increases in innovation, social well-being, equality, increased productivity, improved rates of participation, all of which contribute to economic growth.
Detailed explanation-2: -Human capital theory emphasizes how education increases the productivity and efficiency of workers by increasing the level of cognitive stock of economically productive human capability, which is a product of innate abilities and investment in human beings.
Detailed explanation-3: -Improve education for your workforce. A highly educated workforce will be capable of achieving more. Provide a work culture that encourages creativity. Make some room for your employees to be creative. Divide labor into specialized niches. Hire a diverse workforce. Provide ongoing coaching. 20-Jul-2021