Q. 35.0( 2 Votes )

How does population become human capital?

Answer :

Human resource refers to the country’s working people in terms of their existing productive skills and abilities. To make use of the land, labour, and physical capital, we will need somebody who acquires knowledge of producing goods and services. Without human capital, land, labour and physical capital are meaningless. When population acquires knowledge and skills to work become human capital. When we invest in the human capital through education, training and medical care, it yields a high return because of higher productivity of more educated and healthier people. Investment in human capital can also be done by training of industrial and agricultural workers in the use of modern technology. This will add to the national income of the country.

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