ECONOMICS
PRODUCTIVE RESOURCES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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improving access to public libraries
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expanding free-trade agreements
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limiting on-the-job training
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decreasing sales taxes
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Detailed explanation-1: -Answer and Explanation: Investing in education and training to improve a worker’s productivity is known as investment in human capital.
Detailed explanation-2: -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.
Detailed explanation-3: -Population becomes human capital when there is investment made in the form of education, training and medical care.
Detailed explanation-4: -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