Investment in human capital has resulted in efficiency and production explain with example
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Answer:
It is absolutely true. Without investing in human capital efficiency in production of anything can’t be achieved.
Human capital is the backbone of every industry. Industry is a place where manufacturing, production, processing, and value addition is done. All the above functions and processes are impossible without the human capitals. All the metals are converted into complex and colossal machines by human capitals only. Production of chips from potatoes, steel and other metals into watches, computers, smart-phones, and all the machines in the world require the magical touch of human capital. Similarly, in the dairy industry, milk is converted into various types of cheese, yogurt, chocolates, butter, ghee, lassi, whey, etc. are processed using human capitals only. The truth is all industries run because of the human capital.