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Question
southeast asian countries experience high temperatures and high humidity during the monsoon seasons. this makes working conditions difficult. because air conditioners are expensive and consume a lot of electricity, an alternative air - cooler called an eco - cooler was invented. this device does not use electricity, is made from readily available soda bottles, and works by funneling air into a room. this scenario is an example of: a rise in productivity causing an increase in technology. a decrease in the labor force participation rate in southeast asian countries. a technological innovation that can increase labor productivity and thus increase economic growth. the development of human capital.
The scenario describes the development of a new device (Eco - cooler) which is an example of human - made innovation. Human capital refers to the skills, knowledge, and innovation capabilities of individuals. The development of this new cooling device is a result of human ingenuity and skills, fitting the concept of human capital development.
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the development of human capital