Question

state the need of investment on human capital​

Answer 1

Answer:

The state is interested to invest in human capital development because thus achieving higher quality and productivity, increased competitiveness, high and sustainable rates of economic growth and a higher standard of living

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Answer 2

Answer:

Human capital is thought to boost productivity and consequently profits. The more a firm invests in its personnel, the better its prospects of productivity and success increase.

Explanation:

• Human capital is an intangible asset that is not recorded on the financial sheet of a corporation.

• The term "human capital" refers to qualities such as an employee's experience and skills.

• Because not all labour is created equal, firms can develop human capital by investing in their employees' training, education, and perks.

• Economic growth, productivity, and profitability are all seen to be linked to human capital.

• Human capital, like any other asset, can depreciate due to long periods of unemployment and a failure to keep up with technology and innovation.
• Gains in human capital in fields like science, education, and management lead to increases in innovation, social well-being, equality, productivity, and participation rates, all of which contribute to economic growth.

Hence, human capital enables a country's economy to expand. Increases in economic growth tend to increase a population's quality of life.

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