Explain how investment in human resource can lead to development of a country.
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Investment in education helps in preparing qualified and skilled human resources. Similarly, investment in health helps in preparing healthy human resources which can be better at productivity. A better productivity of the human resources helps in economic growth of the nation.
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Human capital and economic growth have a strong correlation. Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. ... The skills provide economic value since a knowledgeable workforce can lead to increased productivity.
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