Explain with examples that How investment in human capital has helped in growth of GDP?
Answers
Answer:
Investing in human capital has helped in the growth of gross domestic product (GDP) because first and foremost, humans are the manpower of a nation.
Education and training are examples of human capital. When we provide knowledge and skills to our workers, they become productive, competent and skilled to be the front liners in the production of goods or services.
Answer:
Human capital and economic growth has been updated with strong relationship to maintain their efforts. This is easily assigned to grab the importance by taking economic growth and successful factors.
It is used to keep track of economic growth which is an economy rate for stability and measure the past periods. This should undergo with human capital ranges in economic growth.