Question

Which capital do you consider the best-land,labour,or human capital?give three reason

Answer 1

For writing a good answer. I have explained it in detail....... Just as land water forest minerals are our precious natural resources human beings are also a precious resource. Human beings are not only consumers of natural assets they can also be creators of national wealth. In fact Yuman resources are superior to other resources like land and capital because they make use of land and capital. Land and capital cannot be useful on their own. A large population can be turned into a productive asset by investment in education training and health. Resight examples of Japan. The country made investments on their people specially in the fields of education and health. Ultimately These people and use of their resources by developing new technologies have made their country rich and developed . thus Human capital is much more important then all other resources