Investment in Human Capital


 
 
Concept Explanation
 

Investment in Human Capital

Investment in Human Capital: Investment in human capital (through education, training and medical care) yields a return just like investment in physical capital. For example, more educated or better trained persons earn higher income because they give higher productivity to their employers. In the same way a healthier person can also give higher productivity and earn a good income. Population need not be a liability anymore rather it can be turned into a productive asset by

• spending resources on education and health for all.

• giving training to industrial and agricultural workers for using modern technology.

• providing useful scientific researches and so on.

 
 


Students / Parents Reviews [10]