Question

Investment in human capital is expenditure on?

Answer 1

Answer:

The contribution of human capital formation to economic growth can be explained as follows (i) Increase in Labour Productivity Investment in human capital through expenditure on education, health, etc enhances the productivity of labour as they become physically fit and skilled in their jobs.

Answer 2

Answer:

Investment in human capital is expenditure on training, education and health care.

Explanation:

The information, skills, and health that people invest in and accumulate throughout the course of their life give them the opportunity to realize their potential as contributing members of society.

Investment in human capital is essential.

• Investment in human capital is crucial because it enables construction organizations to find employees who would be even more valuable in other positions.
• This is especially challenging when employees are only concerned with performing their exact job descriptions since development time hasn't been allocated.
• One of the most crucial investments in human capital that construction businesses can make is in training and education. It's also one of the most important steps in the planning process for human capital.

Final answer:

Spending on health care, education, and training is considered an investment in human capital.

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