Question

which capital is more important for economic development or growth...and why ??

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Answer 1

As previously mentioned, the capital itself, is a very important factor for the development of underdeveloped countries. ... In short, the accumulation of capital is far more important for economic growth in economically less developed countries than in the case in economically developed countries.

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Answer 2

Answer:

Human Capital and Economic Growth. Human capital is positively correlated to economic growth since investment tends to boost productivity. The process of educating a workforce is a type of investment, but instead of capital investment such as equipment, the investment is in human capital.