On-the-job experience causes labor productivity to increase through an improvement in human capital.

Name: On-the-job experience causes labor productivity to increase through an improvement in human capital.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

On-the-job experience allows workers to learn new skills, improve existing skills, and acquire knowledge specific to their job and industry, which enhances their human capital. As a result, they become more productive and efficient in their work, leading to increased labor productivity.

On-The-Job Experience Causes Labor Productivity to Increase Through an Improvement