illustrate the significance of human capital for the development of a country
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Human capital and economic growth have a strong correlation. Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. ... The skills provide economic value since a knowledgeable workforce can lead to increased productivity.
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Human capital is base for the development of a country.
Explanation:
- Human capital is the stocks, knowledge, and personal attributes that are embodied as the ability to perform labor and contribute towards the economic value generation.
- Countries rely on this human capital to create other human capital such as doctors, engineers, and scientists.
- These, later on, become assets for the country and the economy. The impact of human capital on growth can be in terms of levels of development of the nations.
- Generating a stable environment of growth for the country is attenable through the quality components such as creativity and professionalism.
Learn more about the illustrate significance of human capital for the development of a country.
- brainly.in/question/17240583 answered by abhigyanjha334.
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