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Meghna Thapar 5 years, 2 months ago
Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. ... The concept of human capital is the realization that not everyone has the same skill sets or knowledge. Also, the quality of work can be improved by investing in people's education. Human capital benefits not only the owner but also the society in general. This is called external benefit. An educated person can effectively take part in a democratic process and contribute to the socio-economic progress of a nation.
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