Question

Ques 1. list down the investments that can be made on human being to convert them into resource .
Ques 2. human capital is superior to other resources like land and physical capital.Explain. ​

Answer 1

Answer:

1. Investment in human capital through education training and medical care yields a return just like investment in physical capital. Higher income is earned because of higher productivity of the more educated or the better trained persons, as well as the higher productivity of healthier people

2. Human capital is superior to other resources like land and physical capital because human resources can make better use of land and physical capital but land and physical capital cannot become useful on its own. Several years of education adds to the quality of labour. This enhances their all over productivity.