Why is human capital the most important factor of production
Asked by admin @ in Geography viewed by 315 People
Why is human capital the most important factor of production?
Answered by admin @
Hi friend,
Why Human Capital is most important factor for production?
Here is the answer:
》》》》》》》》》》》》》》》》
☆ HUMAN CAPITAL IS THE STOCK OF SKILL AND PRODUCTIVE KNOWLEDGE EMBODIED IN HUMANS
☆ HUMAN CAPITAL INCLUDES EDUCATION,TRAINING AND MEDICAL CARE BECAUSE EVEN THOUGH THE MACHINES OR PHYSICAL CAPTIAL IS ESSENTIAL THERE THE HUMAN'S SKILL IS IMPORTANT TO OPERATE IT.
☆ THIS DIRECTLY COMES IN A FORM OF HIGHER INCOME EARNED BECAUSE OF HIGH PRODUCTIVITY OF MORE EDUCATED AND SKILLFUL/BETTER TRAINED ARE INCLUDED.
☆ AND THUS THE HUMANS INCREASE THE PRODUCTIVITY, IT IS SAID THAT THE HUMAN CAPITAL ALSO PLAYS A MAJOR ROLE IN CULTIVATING THE PRODUCTION.
》》》》》》》》》》》》》》》》
Hope my answer helps you
Mark as brainliest if you like :)
Regards,
Shobana
^_^
Similar Questions
Which is the most important factor of production
Asked by admin @ in Social Sciences viewed by 472 persons
What are factors of production? which is the most important and why?
Human resource is an indispensable factor of production justify
Asked by admin @ in Social Sciences viewed by 643 persons
“Human resources are an indispensable factor of production”. Justify. (5M)
The main reason self confidence is important in human relations
Asked by admin @ in English viewed by 288 persons
Here are the questions and answers to 986003RR - Human Relations, Part 1
What is the main reason that attitudes are more often revealed in spoken rather than written language? …
What is the most important nutrient for the human body
Asked by admin @ in Health viewed by 311 persons
What is the most important nutrient for the human body?
What is the most important factor contributing to wrongful convictions
Asked by admin @ in Social Studies viewed by 271 persons
_______ is one of the most important factors in wrongful convictions in death penalty cases, accounting for nearly a third of the wrongful convictions discovered in the Innocence Project study.
What is the importance of homeostasis in the human body
Asked by admin @ in Biology viewed by 279 persons
Define homeostasis and explain its importance in the functioning of the human body.
The most important agreement which codifies human rights is the
Asked by admin @ in Business viewed by 312 persons
The most important agreement which codifies human rights is the:
A. The Universal Declaration of Human Rights.
B. The U.S. Declaration of Independence.
C. The Versailles Treaty.
D. The American …
Which statement regarding the importance of human relations is false
Asked by admin @ in Health viewed by 267 persons
11. Which statement regarding the importance of human relations is false? A. People accomplish more in their work and personal lives when practicing good human relations. B. People work better …
What is the most abundant factor of production
Asked by admin @ in Social Sciences viewed by 325 persons
Which is the most abundant factor of production?
How is human capital superior to other resources
Asked by admin @ in Economy viewed by 311 persons
How is human capital superior to other resources
Factors of production class 9
Asked by admin @ in Economy viewed by 352 persons
Explain the four factors of production (for class IX)
What are the factors of production class 9
Asked by admin @ in Economy viewed by 332 persons
What are the factors of production? explain
Investment in human capital can be made through
Asked by admin @ in Social Sciences viewed by 307 persons
Investment in human capital can be made through.
Which is the most abundant factor of production
Asked by admin @ in Economy viewed by 305 persons
Which is the most abundant factor of production? WHY
Is the most important factor of management information system
Asked by admin @ in Computer Science viewed by 327 persons
..... is an important factor of management information system.
A) SystemB) DataC) ProcessD) All
Most viewed questions in Geography
Directions and how to identify them an illustrative diagram
Asked by admin @ in Geography viewed by 4643 persons
Letter writing in marathi to friend for birthday invitation
Asked by admin @ in Geography viewed by 1866 persons
Make a project showing consumption and conservation of resources
Asked by admin @ in Geography viewed by 1593 persons
Unit 6 similar triangles homework 3 proving triangles similar
Asked by maham237 @ in Geography viewed by 977 persons
What resource can best help you learn about the terrain in a particular area before you arrive?
Asked by wiki @ in Geography viewed by 965 persons
Where are limestone caves stalactites and stalagmites found in maharashtra
Asked by admin @ in Geography viewed by 951 persons
Project showing consumption and conservation of resources in your locality
Asked by admin @ in Geography viewed by 902 persons
Briefly discuss about the necessities of resources with examples
Asked by admin @ in Geography viewed by 875 persons
What are the main differences between animism polytheism and monotheism
Asked by maham237 @ in Geography viewed by 860 persons
Himalayas play a vital role in india's development comment
Asked by admin @ in Geography viewed by 859 persons
Match each moon or planet to the most accurate characteristic
Asked by maham237 @ in Geography viewed by 826 persons
The primary obstacle to population growth in the area known as the "canadian shield" is that
Asked by maham237 @ in Geography viewed by 784 persons