Question

Why is human capital is the most
important factor of productions​

Answer 1

Answer:

Human capital is the most important factor of production because of the following reasons:

(i) Gifted with life and reasoning power, humans can make use of the land, labour and physical capital.

(ii) Investment in human capital yields a return just like investment in physical capital.

Please mark it as brainliest :-)

Answer 2

a)Human capital refers to the people who possess the knowledge and enterprises to put together the other factors of production.

b) Investment in human capital yields a return just like investment in physical capital.

c)  It is essential as physical capital cannot produce goods and services on their own.