The economic prosperity and functioning of a nation depends on its physical and human capital stock. Whereas the former has traditionally been the enhancement of human skills and talents are increasingly figuring in the research of social and behavioral sciences. In general terms, human capital represents the investment people make in themselves that enhance their economic productivity. The theoretical framework, most responsible for the wholesome adoption of education and development polices has come to be known as human capital theory. Based upon the work of Schultz , Sakamota and Powers , Psacharopoulos and Woodhall , human capital theory rests on the assumption that formal education is highly instrumental and even necessary to improve production capacity of a population.
LITERATURE REVIEW: IMPACT OF HUMAN CAPITAL DEVELOPMENT ON ECONOMIC GROWTH
Literature Review On Sustainable Development | pazarce.info
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Literature Review On Sustainable Development
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