Question

Human capital formation increases the efficiency of physical capital. how ?

Answer 1

Answer:

Secondly, human capital increases the productivity of the physical capital (for example, they can handle the tools and machines in better way). Enhanced productivity would accelerate the growth. Thirdly, higher standard of life is possible only via development of human capital.

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Answer 2

Explanation:

Secondly, human capital increases the productivity of the physical capital (for example, they can handle the tools and machines in better way). Enhanced productivity would accelerate the growth. Thirdly, higher standard of life is possible only via development of human capital