Human capital is equally, if not more, important than physical capital.

Question

Quizplus · Accepted Answer

Human capital refers to the knowledge, skills, education, and experience of individuals that contribute to their productivity and economic value. While physical capital such as machinery and equipment are important for economic growth, human capital is equally, if not more, important as it drives the innovation and creation of new technologies and industries. Investing in education, training, and healthcare to improve human capital can lead to significant economic gains and long-term sustainable growth.

Human Capital Is Equally, If Not More, Important Than Physical