By investing in human capital German and British governments create a higher standard of living for their people. Order the events below starting with what happens first so that they demonstrate how that higher standard of living is achieved

Answer 1

1. German and British governments invest in education and training programs to improve the skills of their workforce.
2. Skilled workers are able to find higher-paying jobs in industries that require specialized knowledge and expertise.
3. Increased investment in human capital leads to higher productivity and economic growth in Germany and the UK.
4. With a more skilled and productive workforce, the overall standard of living in both countries improves, as people have more opportunities for well-paying and fulfilling work.