The correct answer is option 4: None of the above
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Increases technical knowledge: Human capital formation often involves education and training, which enhances individuals' technical skills and knowledge. This improvement in skills and knowledge directly benefits productivity and innovation.
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Increases business size: As individuals acquire more skills and knowledge, businesses can grow and expand due to improved efficiency, innovation, and higher productivity. This growth can be attributed to the enhanced human capital within the organization.
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Alters social outlooks: Human capital formation can change societal attitudes and outlooks by promoting values like lifelong learning, gender equality, and health awareness. Educated and skilled individuals often contribute to more progressive and informed societies.
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