Final answer:
Investing in both human capital and physical capital is crucial for economic growth.
Step-by-step explanation:
Investing in both human capital and physical capital is crucial for economic growth.
While physical capital, such as machines and buildings, is important for productivity, human capital, which refers to the knowledge, skills, and abilities of individuals, is equally important.
An example of the power of human capital can be seen in post-World War II Europe, where skilled workers and technological knowledge, working within a market-oriented economic framework, reconstructed the continent's productive capacity.