Question

For Switzerland Add a measure for physical capital, human capital, and labor productivity and explain which one has been the main contributor of growth? Give your reasoning.

Please explain how you did each.

Answer 1

. For Switzerland, the measure for physical capital is that the capacity of the utilisation of square capital in Switzerland is very high means entrepreneurs in the social and belief in this zero damage or zero wastage of the capital basically they believe in the full inoculation of the resources and to give the high productivity.

Measure for human capital and Labour productivity is on the basis of the growth of the economy and the contribution by the individual person in the productivity therefore in the scissor land the labour productivity is very high because of the efficient labour.

Human capital is the main contributor to growth because of the following reasons:

The human capital resource provides the base to the other resources like a financial resource, physical resource.

The human capital resource provides the essence to the organisation.

Human capital increases the efficiency and effectiveness of the operational work in the organisation.

Human development index is the real indicator of country's growth and it is possible only through the human capital formation.