Responses
Improvements to human capital leads to improvements in the welfare of consumers, but not generally to improvements in productivity.
Improvements to human capital leads to improvements in the welfare of consumers, but not generally to improvements in productivity.
Improvements to human capital leads to improvements in productivity and improvements in standard of living.
Improvements to human capital leads to improvements in productivity and improvements in standard of living.
Improvements to human capital leads to improvements in technology, but not generally to improvements in productivity.
Improvements to human capital leads to improvements in technology, but not generally to improvements in productivity.
Improvements to human capital leads to improvements in standard of living, but not generally to improvements in productivity.
1 answer
The correct statement about human capital is:
Improvements to human capital leads to improvements in productivity and improvements in standard of living.
Human capital refers to the skills, knowledge, and experience possessed by individuals, which can enhance productivity. As people's education and skills improve, they can work more efficiently and innovate more effectively, leading to overall improvements in productivity and living standards.
