Choose the given statement is true/false:

Investing in human capital would be beneficial for the future.

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True

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answer is A.

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Detailed Solution

The above statement is true.
"Human resources" refers to a country's population that may be used for productive endeavours. Human resources become human capital when investments are made in them, such as education, training, and healthcare. The process by which an already-existing human resource is further improved by becoming more educated and healthy is known as "human capital creation." Human capital helps the country's productive capability grow. It is the assortment of skills and practical information they hold. It can be concluded that, while human resources are a nation's asset, human capital is a productive asset required for long-term growth and must be updated with technological changes.

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