Unformatted text preview: called investment . It performs a similar function of improving future productive resources of society. It is also suggested that human capital and investment activity is superior and in the long run produces permanent gain to a greater extent. Health, education, nutrition, training, etc. are the types of facilities contributing to human capital development. The whole process is known as Human Resource Development (HRD) activity ....
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- Fall '10
- Economics, Prof. Schultz, future productive resources