Question

Why is human capital the most important factor of production?

Answer 1

hey here is ur answer

human capital is important Bcz without human capital there is no use of other factors and it is the only factor which consists of skills and knowledge

I hope this helps you

Answer 2

Hy mate___________________
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◀ Here is your solution ▶
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➡️ Human capital refers to the people who possess the knowledge and enterprises to put together the other factors of production.

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

➡️ It is essential as physical capital cannot produce goods and services on their own

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