Question

What is the significance of human capital formation and economic growth?​

Answer 1

Answer:

What is the significance of human capital formation and economic growth?

♛ ʜᴜᴍᴀɴ ᴄᴀᴘɪᴛᴀʟ ᴀɴᴅ ᴇᴄᴏɴᴏᴍɪᴄ ɢʀᴏᴡᴛʜ ʜᴀᴠᴇ ᴀ ꜱᴛʀᴏɴɢ ᴄᴏʀʀᴇʟᴀᴛɪᴏɴ. ʜᴜᴍᴀɴ ᴄᴀᴘɪᴛᴀʟ ᴀꜰꜰᴇᴄᴛꜱ ᴇᴄᴏɴᴏᴍɪᴄ ɢʀᴏᴡᴛʜ ᴀɴᴅ ᴄᴀɴ ʜᴇʟᴘ ᴛᴏ ᴅᴇᴠᴇʟᴏᴘ ᴀɴ ᴇᴄᴏɴᴏᴍʏ ʙʏ ᴇxᴘᴀɴᴅɪɴɢ ᴛʜᴇ ᴋɴᴏᴡʟᴇᴅɢᴇ ᴀɴᴅ ꜱᴋɪʟʟꜱ ᴏꜰ ɪᴛꜱ ᴘᴇᴏᴘʟᴇ. ... ᴛʜᴇ ꜱᴋɪʟʟꜱ ᴘʀᴏᴠɪᴅᴇ ᴇᴄᴏɴᴏᴍɪᴄ ᴠᴀʟᴜᴇ ꜱɪɴᴄᴇ ᴀ ᴋɴᴏᴡʟᴇᴅɢᴇᴀʙʟᴇ ᴡᴏʀᴋꜰᴏʀᴄᴇ ᴄᴀɴ ʟᴇᴀᴅ ᴛᴏ ɪɴᴄʀᴇᴀꜱᴇᴅ ᴘʀᴏᴅᴜᴄᴛɪᴠɪᴛʏ. ♛

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Explanation:

HOPE IT HELP'S.............

Answer 2

Answer:

Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. The level of economic growth driven by consumer spending and business investment determines the amount of skilled labor needed..