Human capital is a valuable asset from "summary" of Economic Development by Michael P. Todaro,Stephen C. Smith
Human capital, which refers to the knowledge, skills, and abilities possessed by individuals, is indeed a critical asset in the realm of economic development. It is through the accumulation and enhancement of human capital that a society is able to drive progress and innovation. Investing in human capital is akin to investing in the future prosperity of a nation. By providing individuals with access to education and training, a country can empower its citizens to contribute meaningfully to the economy. This, in turn, leads to increased productivity and competitiveness on the global stage. Moreover, human capital plays a pivotal role in fostering social and econ...
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