Human capital considers education and health as critical factors that increase labor productivity, whereas human development considers that they are necessary for human well - being. Which of the following options is true in regards to the above statement? |
The statement is true The statement is false The statement is partially true The statement is partially false |
The statement is true |
Human capital refers to skilled and abled persons that take part in the productive process. Human development, however, is a broad term that refers to overall human well-being. |