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Why is human capital important to a market economy?

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User JohanP
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Answer: Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people.

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User Aaron Daniels
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Answer:

Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. ... The concept of human capital is the realization that not everyone has the same skill sets or knowledge. Also, the quality of work can be improved by investing in people's education

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User Yohanna
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