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State with valid reason whether the following statement is true or false: “Higher productivity and production are the outcome of investment in human resources.” - Economics

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Question

State with valid reason whether the following statement is true or false:

“Higher productivity and production are the outcome of investment in human resources.” 

Options

  • True

  • False

MCQ
True or False

Solution

This statement is True.

Reason:

Investing in human resources, such as education, health, skill, and training, makes them more productive. It leads to increased output. It enables a country's people to be converted into productive assets.

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Sources of Human Capital
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2022-2023 (March) Delhi Set 2

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