Question:
Discuss any two benefits accruing from human capital formation.
Discuss any two benefits accruing from human capital formation.
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Human capital formation enhances productivity and fosters innovation, driving long-term economic development.
Updated On: Jan 31, 2025
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Solution and Explanation
Enhanced Productivity: Investments in education, health, and skill development lead to a more productive workforce.
Technological Advancement: Human capital formation encourages innovation and efficient utilization of resources, driving economic growth.
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