Investment in human capital: a. is of minor importance to economic growth. b. can be acquired through on-the-job training. c. is a major source of economic fluctuations. d. is characterized by both on-the-job training and economic growth.

Question

Business

Chad Solomon

8 April, 23:55

Investment in human capital: a. is of minor importance to economic growth. b. can be acquired through on-the-job training. c. is a major source of economic fluctuations. d. is characterized by both on-the-job training and economic growth.

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Answers (1)

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Colby Irwin · Answer 1

D. is characterized by both on-the-job training and economic growth.

Explanation:

Human capital is an asset to the company, which is not recorded in the book of accounts or balance sheets. Its value can be calculated on the amount of investment made on its development and how much it is generating output to the economy. It is important to invest in human capital as it is one of the key drivers of sustainable development of economies. By investing in training and skill development of human capital could lead the individual to become leaders in the future and can be more productive and innovative.