Answer:
Human
capital is the most important factor of production for the following reasons
(i) Human capital refers to the people who possess the knowledge and
enterprise to put together the other factors of production.
(ii) Investment in human capital yields a return just like
investment in physical capital.
(iii) It is essential, as physical capital cannot produce goods
and services on its own.
You need to login to perform this action.
You will be redirected in
3 sec