Question

How can you turn a large population turn into a productive asset? In what way is human
capital superior to other sources like physical capital? (3 mark)
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Answer 1

Answer:

large population can be turned into a productive asset by investment in human capital by spending resources on education and health for all, training of industrial and agricultural workers in the use of modern technology, and useful scientific researches, etc.

Human resources can make better use of land and physical capital but land and physical capital cannot become useful on its own. Several years of education adds to the quality of labour.

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