Investment in human capital is of Paramount importance for a country and its growth.Elucidate.
Answers
Answer:
Individual human capital – the skills and abilities of individual workers
Human capital of the economy – The aggregate human capital of an economy, which will be determined by national educational standards.
Answer:
Dave is a human resource specialist for a smartphone company, and his job is to find and cultivate human capital. Capital is a type of asset that allows a business to make more money or otherwise further its goals. Examples of capital include plant, tools, and equipment. Human capital is the sum total of a person's knowledge and skills that the company can use to further its goals. For example, Dave's company needs people with knowledge and skills in engineering, computer software design, manufacturing, finance, law, accounting and management, just to name a few.
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