Why is the human capital the most important factor of production ? give any three reason
Answers
Answered by
1
(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.
(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.
Similar questions