The effect of human capital on economic growth
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Human capital, defined as the knowledge, skills, and abilities possessed by a workforce, plays a vital role in driving economic growth and development. This article explores the relationship between human capital and economic growth, examining the mechanisms through which investments in education, healthcare, and training can stimulate economic prosperity. We discuss the empirical evidence, policy implications, and challenges in optimizing human capital for sustained economic growth. By understanding the significance of human capital, policymakers and stakeholders can make informed decisions to foster economic development.
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