describe the role of human capital in the production process
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Human capital is the stock of habits, knowledge, social and personality attributes (including creativity) embodied in the ability to perform labour so as to produce economic value. ... Companies can invest in human capital for example through education and training enabling improved levels of quality and production.
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The people of a country are an important resources if they become educated and healthy. Infact, human resource is superior to other resources like land and physical capital . It is human resource that make use of land and capital . Land and capital cannot become useful on their own. They are useful by human being.
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