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Q.

[[1]] is used to bring the other factors of production together to produce a product.


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Detailed Solution

Human capital is used to bring the other factors of production together to produce a product. We need experience and knowledge about production to combine all the facets of production, like land, labour, and physical capital, to form a product for ourselves or to be sold in the market. This experience and knowledge from human beings are called human capital. The parts other than production, like marketing and sales, require human capital. Individuals are trained in this specific work for it. Along with this, human capital is developed with education.
 
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