ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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by reducing the efficiency of production
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by improving the job skills of the population
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by improving access to natural resources
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by reducing competition between businesses
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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: -Investment in education and on-the-job training helps to impart these skills and enhance the knowledge base and thus helps in the absorption of new technologies which leads to higher production and thus economic growth. Thus it is evident that human capital contributes to economic growth in various ways.
Detailed explanation-3: -Investment in Human Capital means making humans as human resources, i.e, to make them productive so that they contribute to the nation and society. This requires giving them education, medical care, relevant skills etc. Was this answer helpful?
Detailed explanation-4: -Ans. Investment in human capital can be made through education, training, medical care etc.
Detailed explanation-5: -The society benefit from investment which made in human by getting proper education, health facilities, jobs, etc. By investing in humans society get the proper facilities of all things and things what they need most . And, this helps in making better productivity.