Choose whether the statement is true/false:

Investment in human capital is immensely important for society as a whole because it creates a labour force that will be capable of creating economic growth.

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True

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answer is A.

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Detailed Solution

The above statement is true.
Investment in human capital is immensely important for society as a whole because it creates a labour force that will be capable of creating economic growth.
The reasons why it is so important to invest in human capital are as follows: Investing in human capital is essential for society because it creates a workforce that can drive economic development.
The technological capability, expertise, and skills required to fully utilise the available resources are all possessed by human capital. Humans can find new resources in addition to efficiently using and managing the ones they already have. When people are trained and educated, they may produce more resources.

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