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Web16 dec. 2024 · It represents one of the most important determinants of a country’s economic growth. The quality and quantity of available human resources can directly affect the growth of an economy. The quality of human resources depends on its skills, creativity, training, and education. If a country’s human resources are well-trained and … Web22 dec. 2024 · Economic growth exerts a direct impact on the quality of the people’s standard of living. As production capacity rises, incomes increase, and consumers can buy more goods and services. With higher incomes and more production, they together work to increase productivity. candy coffee mugs
Human Resources Contribution To Economic Growth
Web15 nov. 2024 · Many factors unrelated to capital investment and productivity increases can potentially disrupt a country’s economic growth. Crisis in another nation that has a significant stake in imports, exports or raw material supply for the initial nation can disrupt economic growth. Web22 apr. 2024 · How human resources affects the economic development of the country. ... (1958) Indicated that the rate of economic growth in developing countries is primarily determined by two factors - 1. The growth in labour force; and 2. ... with large changes having the potential to significantly impact the economy. Web9 dec. 2024 · Transparency International in its paper lists the following ways through which corruption may affect economic growth : Corruption distorts incentives and market forces, leading to the misallocation of resources. candy cocktail