why human capital is considered as most important factor of production
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because all the work from packing to selling and transportation is done by human....
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1) Human Capital refers to the people who possess knowledge and enterprises to put together the factors of production.
2) Investment in human capital yields a return just like investment in physical capital.
3) Human can make the use of land and other resources. But land and other resources can't become useful on its own.
Hope it helps u.....
2) Investment in human capital yields a return just like investment in physical capital.
3) Human can make the use of land and other resources. But land and other resources can't become useful on its own.
Hope it helps u.....
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