investment in human resource via education and health can give high rates of future "Support the statement with 5 suitable argument
Answers
i) Investment in education of human resource results in the formation of human capital.
(ii) One can earn higher income because of higher productivity of the more educated or better trained persons, thus contributing towards human capital formation.
(iii) Investment in human resource via education and medical care can give higher rates of return in the future.
(iv) Health sector development can prove useful for the economy.
(v) Healthier the people, the more they work, and the more they produce and earn.
(vi) As it is said, 'Health is Wealth; a healthy person's capacity to work increases and he becomes more productive and hence, earns more.
Investing in human resource through education and health can convert them as human capital:
Explanation:
1) Human capital is said to be the most contributing capital for increasing the economical value of the country.
2) Return of investment (ROI) in future increases as investment in human resource increases.
3) Serves as the fundamental source for economical growth, increases technological advancement of a country.
4) The human resource with skills and specialized education can come up with renovation advancements in health industry, which in turn increase the countries economy and standard.
5) Healthier people are considered to be the most economical assets of a country as they work more and more to produce products, which in turn increases the productivity and earning. These healthier and educated people are considered to be the productive resources.
To learn more:
1. What are the two requisites to turn human resource into human capital?:
https://brainly.in/question/15821397
2. Human resource is the most valuable resource of the present time . Elaborate:
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