Question

investment in human capital yields a return just like investment in physical capital. justify the statement

Answer 1

investment in physical capital can give yeild directly as a produce which can be sold. investmennt in human resource means providing education and goo health that would give fruits in the coming future of the human. this human can improve technology and resource and thus higher yeilds. examples can be reffered in ch 2 people as resources in economic textbook of ncert   

Answer 2

Because human capital is the best resource that can combine and employ labor, capital, and natural resources to produce a valuable output to meet our requirements, investing in human capital pays off just as investing in physical capital.

• For instance, Japan, although having few natural resources, is a developed nation that is growing because of its enormous investment in human capital.
• For society as a whole, investing in human capital is crucial because it produces a labor force that can spur economic progress.
• Human capital possesses the necessary technological capacity, knowledge, and skills to fully utilize the resources at hand.
• Not only are humans able to use and manage resources effectively, but they can also look for new ones.
• Humans may produce more resources when they are trained and educated.

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