Economics · Human Capital & Economic Growth
Human capital is central to long-run growth because productivity depends not only on machines and infrastructure but also on the quality of people. Human capital mainly refers to:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1land and mineral reserves of the country
- 2government expenditure on defence alone
- 3education, skills, health, and capabilities embodied in people✓
- 4only the physical size of the labour force
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education, skills, health, and capabilities embodied in people
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