Eduction and the importance for the economy.

Human Capital is the stock of enterprise accumulated by a worker to enhance future productivity. In order to create this, investment is needed in education and training. A broad interpretation of human capital can be taken by including improvements in nutrition, health and housing as contributing factors in increasing human capital. In economic jargon it is said, spending to increase the stock of human capital should be viewed as investment and not as consumption demand. …

…that mechanics would need to be called on and flow of work would not make delivery dates creating poor export performance. Education is needed to create higher skilled jobs without are relatively routine jobs which can be mastered quickly decreasing worker productivity. Therefore a highly skilled workforce enables firms to make rapid adjustments to the organistraion of their production so as to produce quality products geared to the needs of the variety of specialised markets.