Th4.3: IS - Development of Human Capital

Question 1

What would development of human capital do?

Answer 1

provide workers with skills and training and thus help them to be more efficient, improving productivity

Question 2

What happens when there are skills shortages?

Answer 2

businesses struggle to expand and there is a lack of innovation

Question 3

How could human capital be developed?

Answer 3

through schools or vocational training, whether this be apprenticeships or simply classes provided for business people

Question 4

What would higher skills allow the country to develop?

Answer 4

develop from the primary sector to a manufacturing sector - overcoming primary product dependency

Question 5

What does better education improve?

Answer 5

quality of life