Saved Bookmarks
| 1. |
Why is human capital the most importantfactor of poroduction? Give three seasons. |
|
Answer» Answer: Human capital is important FACTOR of production as (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 Explanation: |
|