How does investment in human capital contribute to growth?

1.	How does investment in human capital contribute to growth?
Answer» Investment in human capital contributes growth by: 1. Raisins productivity: The skilled and healthy labours make utilisation of the material inputs and capital effectively which increases productivity and ultimately faster the rate of growth. 2. Innovation : An educated person has the ability to develop new skills and innovative new techniques that can be more efficient and productive and adds to economic growth. 3. Hish participation rate: If more people become able to do work through education and health, it will increase the participation rate of people which will accelerate the process of economic growth and development

Answer»

Investment in human capital contributes growth by:

1. Raisins productivity:

The skilled and healthy labours make utilisation of the material inputs and capital effectively which increases productivity and ultimately faster the rate of growth.

2. Innovation :

An educated person has the ability to develop new skills and innovative new techniques that can be more efficient and productive and adds to economic growth.

3. Hish participation rate:

If more people become able to do work through education and health, it will increase the participation rate of people which will accelerate the process of economic growth and development

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