Question

How does investment in human resource lead to higher returns in future? ❌❌❌❌❌ don't stamp​

Answer 1

Answer:

One can earn higher income because of higher productivity of the more educated or better trained persons, thus contributing towards human capital formation. (iii) Investment in human resource via education and medical care can give higher rates of return in the future.

Total productivity adds to the growth of the economy. This in turn pays an individual through salary or in some other form of his choice. It is a known fact that with investments made on education and health; one can yield a high return in the future in the form of higher earnings and greater contribution to society.

Explanation:

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Answer 2

Answer:

(ii) One can earn higher income because of higher productivity of the more educated or better trained persons, thus contributing towards human capital formation. (iii) Investment in human resource via education and medical care can give higher rates of return in the future.