how does investment in human capital contribute to economic growth?
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Human Capital is the ultimate capital which a Nation can have.Investiment in Human Capital is same as investment in Nation.If enough capital is invested in the citizens of a Nation,then in turn they'll be beneficial for their own Country.This can be done through investment in Education,Medicinal and Healthcare.Remember,every healthy person is an asset for a Country and every unhealthy person a liability.
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Workers with more education tend to have higher earnings, which then increases economic growth through additional spending. A company can help increase human capital and increase economic growth as well. ... Either way, this investment in human capital can lead to economic growth.
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