Proper utilization of resources
Increase in productivity
Development of skill
All of the above
Answer is Right!
Answer is Wrong!
The correct answer is (d).
Increasing investment in human capital leads towards proper utilization of resources, increase in productivity, and development of skill.
- Proper utilization of resources: When people are well-educated and have the skills they need, they are better able to use resources efficiently. For example, a farmer with a good understanding of agricultural techniques will be able to produce more food with the same amount of land and water.
- Increase in productivity: When people are more productive, they can produce more goods and services. This leads to economic growth and higher standards of living.
- Development of skill: When people are given the opportunity to learn and develop their skills, they are better able to contribute to society. This can lead to innovation, progress, and a more prosperous future.
In conclusion, increasing investment in human capital is essential for economic growth and development. It leads to the proper utilization of resources, increase in productivity, and development of skill.