Question

Q1)how the investment in human capital can be of immense importance for a society as a whole?state any 4 advantages.

Answer 1

The following are the reasons why it is essential to invest in human capital:

• Investment in human capital is immensely important for society as a whole because it creates a labor force that will be capable of creating economic growth.
• Humans capital has the knowledge, skill and the adequate technology to make the maximum utilization of the resources around us.
• Humans are not only able to utilize and make proper use of resources but even search for new ones.
• With training and education humans become capable enough to create more resources.