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  3. 9th Class
  4. Social Science
  5. The Story of Village Palampur

9th Class Social Science The Story of Village Palampur Question Bank Short Answer Type Questions - The Story of Village Palampur

  • question_answer
    Why is human capital an essential input for production of goods and services?

    Answer:

    Human capital refers to the people who possess the knowledge and expertise to put together the other factors of production namely, land, labour and physical capital and produce an output. It is essential to start a production unit since the physical capital cannot produce goods or services on their own.


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