Describe the role of human capital in the production.
name two investment that can improve the quality of human capital
Answers
Answer:
Explanation:
in human capital investment provide for an income and production because it can co-ordinate or resources together to achieve the optimum amount of production
1: career advancement opportunities.
2:replace salaried employee.
Heya...
Human capital refer to the stock of human beings that are capable to work at a point of time in a country...
Role of human capital in the production...
√ Firstly a human as a enterpenur set up the plan to production...
√ Then the humans in the form of labour coordinate with the machines and make successful to the production process...
√ Then the transportation is also run by the human beings to move the vehicles...
√ In last a human that is a consumer ends the production by purchasing that good..
So we can see in every stage of production we need the human capital to run the production process...
Two investment that can be done to increase the quality of human capital resources...
√ To educate the people who will serve as the future human resources..
√ Developing the practical skills...
√ By the way to proper medical facilities because a fit person will be a good human resource...
Thank you