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Q.

The investment made in the form of education, training and medical care is known as ____ investment.


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Detailed Solution

The investment in education, training and medical care is known as human capital investment.
People are the greatest resources of a country. A skilled and trained workforce that works for a country's economic and social development is one of the greatest assets a country can have. Some countries have a high population but perform very badly when it comes to the contribution toward the national income of the country. One major reason behind this is the lack of proper skilling and training for the people. Hence, providing people with good education, training, and medical care is of extreme importance.
 
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