Question

how the investment in human capital can bev of immense importantfor a society as a whole?state any four advantages.

Answer 1

Investment in human capital is important because it creates a labor force for the country which will contribute to the economic growth of the country.


Human capital has the knowledge, skills, and technology to maximize utilization of resources.


With appropriate education and training humans can create more resources by making and inventing new one.

Answer 2

The fruits of investment in human capital is indeed sweet and the results get translated through the progress of a nation. A few of the advantages are as follows:

1) Good teachers and professors can be drawn from the pool of talent thus created.
2) Skilled manpower is developed for industry and cutting edge research.
3) Educated parents can bring up children well as they have gained knowledge.
4) Learned judges, educated politicians and efficient bureaucrats help in running the country smoothly.