Which of these statements are true about Human Capital?
Answer & explanation
Correct answer: option 4
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...). This means that we need investment in human capital to produce more human capital out of human resources.