When you get an educational qualification such as a high school diploma, this adds to the c. Human capital factor of production.
Human capital:
- Refers to the skills, experiences, education, and anything else that increases human ability
- Can be proven by educational qualifications
By getting a high school diploma, you prove that you have gained certain new skills and education from high school that will make you a more proficient worker.
We can therefore conclude that this adds to human capital.
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