Question

Why is human capital considered superior to other resources like land and physical capital? Name the factors that affect the quality of population. Explain how these factors help in human capital formation.​

Answer 1

Answer:

Human capital is superior to other resources like land and physical capital because human resources can make better use of land and physical capital but land and physical capital cannot become useful on its own. Several years of education adds to the quality of labour. This enhances their all over productivity.

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