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How can an economy increase Human Capital? (2 ways)

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Final answer:

An economy can increase Human Capital by investing in education and skill development.

Step-by-step explanation:

One way an economy can increase Human Capital is by investing in education. A highly educated workforce contributes to economic growth. Governments can play a large role in this by investing in the education system.

Another way to increase Human Capital is through skill development. Encouraging apprenticeships and vocational education can lead to increases in human capital that pay off economically.

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User Stephen Lautier
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