What is the importance of human capital.Explain?
Answers
Explanation:
Human capital is an asset consisting of the knowledge and skills held by a person that can be used by an organization to advance its goals . Human capital is also important because some level of human knowledge and skill is necessary in order for an organization to accomplish anything. In other words, Human capital means investing in education or some form of an skill on the job training to improve work face quality.............
Answer:
Yes, it is true that modern farming methods require more inputs which are manufactured in industry. For example;
(i) HYV seeds, insecticides, pesticides and chemical fertilizers needed for increasing the yield per hectare are all manufactured in industries.
(ii) Farmers use farm machinery like tractors, threshers and also combined harvesters which are also manufactured in industries.
(iii) Tube well equipment and water pumps used for irrigation are also manufactured in industries.