Question

What is "human capital," and how does human capital affect labour productivity and economic growth.​

Answer 1

Answer:

Population becomes human Capital when there is investment made in the form of education, training and medical care. Human capital is a stock of skill and productive knowledge embodied in them.

When existing human resource is further developed by becoming more educated and healthy, we call it as human capital formation that adds to the productive power of the country just like physical capital formation

Explanation:

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