LUNG ANSWER TYPE QUESTIONS
1. Describe the impact of human resource on economic growth.
Answers
Answer:
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Explanation:
Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. ... The skills provide economic value since a knowledgeable workforce can lead to increased productivity.
Answer:
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Explanation:
Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. ... The skills provide economic value since a knowledgeable workforce can lead to increased productivity.
Economic growth creates higher tax revenues, and there is less need to spend money on benefits such as unemployment benefit. Therefore economic growth helps to reduce government borrowing. Economic growth also plays a role in reducing debt to GDP ratios.Human resources development is important because it is an investment in one's employees that will ultimately result in a stronger and more effective workforce. When an organization develops their employees, they are strengthening their assets and making these employees even more valuable.Economic Growth is important because it is the means by which we can improve the quality of our standard of living . It also enables us to cater for any increases in our population without having to lower our standard of living.