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Question : Which type of capital is to be built up with higher incomes?

Option 1: Human capital 

Option 2: Physical capital 

Option 3: Both of the above

Option 4: None of the above


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Both of the above


Solution : Individual education spending allows for the development of human capital in that person.
It boosts labor productivity and efficiency. That is why investing in education is just as effective as investing in physical capital.
Hence option c is the correct answer.

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