“Higher productivity and production are the outcome of investment in human resources.”

Question :”Higher productivity and production are the outcome of investment in human resources.”

The correct answer is -The statement “Higher productivity and production are the outcome of investment in human resources” is true. Investment in human resources refers to the development of knowledge, skills, and abilities of individuals through education, training, and other learning opportunities.

When individuals receive education and training, they can improve their productivity and efficiency in the workplace. This, in turn, can lead to higher levels of production, as workers are better equipped to carry out their jobs. Moreover, investing in human resources can also enhance the quality of products and services, leading to greater customer satisfaction and, in turn, higher profits.

Research studies have shown that investment in human resources is positively related to productivity and economic growth. For instance, a study conducted by the International Monetary Fund (IMF) found that higher levels of human capital (measured by education and skill levels) were associated with higher levels of economic growth and productivity.

Therefore, it can be concluded that investing in human resources can lead to higher productivity and production, and ultimately, contribute to the overall growth and development of an economy.