"We need investment in human capital to produce more human capital out of human resources."
Which of the following options is true in regards to the above statement?
Which of the following options is true in regards to the above statement?
Answer & explanation
Correct answer: option 1
Society needs sufficient human capital in the first place—in the form of competent people who have themselves been educated and trained as professors and other professionals. In other words, we need good human capital to produce other human capital (say, nurses, farmers, teachers, doctors, engineers).