Q.16:- Trace the relationship between human capital and economic growth.

Answer

There is a positive relationship between human capital and economic growth. Human capital formation raises the process of economic growth and economic growth raises the process of Human capital formation. If we want to increase economic growth then we must have to increase our human capital. An unhealthy or uneducated labour can’t add much value to economic growth. We must have to make people educate, healthy and skilled in order to accelerate our economic growth. It also contribute to innovation and more participation of people.