ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Improve the nation’s infrastructure
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Maintaining better police protection
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Provide funding for education
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Deregulating industries (such as the petroleum industry)
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Detailed explanation-1: -Human capital can be broadly defined as the stock of knowledge, skills and other personal characteristics embodied in people that helps them to be productive.
Detailed explanation-2: -Education improves productivity and prosperity, and also improve enriched life experience. It does not only contribute towards the growth of the people but also the development of society as a whole. Education increases national income and other cultural richness.
Detailed explanation-3: -Human Capital And Education Education raises a society’s quality of life through enhancing human competencies, social norms, habits, and production. It is a nation’s education investment to promote economic prosperity. Investing in it for sustainable development cannot be overstated.
Detailed explanation-4: -Human capital refers to the stock of skill, ability, expertise, education, and knowledge in a nation at a point of time.