Human Capital, Education and Economic Growth

Human capital refers to the skills, knowledge, and experience that individuals possess, which contribute to their ability to work and produce economic value. Education plays a crucial role in building this human capital, as it equips people with the necessary skills to succeed in the job market. As the workforce becomes more educated, productivity increases, leading to economic growth. In the context of population and development, investing in education boosts individual potential, improves living standards, and fosters innovation, ultimately driving overall economic advancement and societal progress.