Social Sciences, asked by nishant34384, 1 year ago

why is human capital the most important factor of production. Give example

Answers

Answered by pragyadas
0
a) Human capital refers to the people who possess the knowledge and enterprises to put together the otherfactors of production. (b) Investment in human capital yields a return just like investment in physical capital. (c) It is essential as physical capitalcannot produce goods and services on their own.

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