What is 'Human Capital'? Explain the role of human capital in
economic development of a country.
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Human capital formation raises production levels and leads to economic growth by adding to GDP. 2. Knowledgeable and skilled workers can make better use of resources at theirdisposal.
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Human capital is the stock of habits, knowledge, social and personality attributes (including creativity) embodied in the ability to perform labour so as to produce economic value.
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