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CBSE Class 12-commerce Answered

'' Human capital formation gives birth to innovation, invention and technological improvements." Do you agree. Support with valid reasons.
Asked by navyanshastry | 13 Mar, 2020, 08:26: PM
answered-by-expert Expert Answer

Yes, I agree, because Research and Development is necessary for innovations which leads to technological advancement and resultant creation of new products. This can be done only through investment in educationHuman Capital formation helps in preparing learned scientist and researchers in various subjects who bring out innovative products, technologies and processes and thereby contributing to the economic growth of the economy.

 
Answered by Christina | 14 Mar, 2020, 05:52: PM
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