Question

Why is human capital most important capital of production in economics?

Answer 1

Explanation:

$\sf{Answer}$

Human capital is the stock of habits, knowledge, social and personality attributes (including creativity) embodied in the ability to perform labor so as to produce economic value. ... Companies can invest in human capital for example through education and training enabling improved levels of quality and production.

Answer 2

Explanation:

Human capital is important because it is perceived to increase productivity and thus profitability. So the more a company invests in its employees (i.e., in their education and training), the more productive and profitable it could be.

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