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Question
- explain in your own words how capital goods and human capital work together to make a countrys economy stronger.
Brief Explanations
Capital goods like machinery and buildings provide the tools and infrastructure. Human - capital, which is the skills and knowledge of workers, allows them to use these capital goods efficiently. Together, they increase productivity, enabling more goods and services to be produced, which strengthens the economy.
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Capital goods provide the means of production and infrastructure, while human capital enables efficient use of these goods. Their combination boosts productivity, leading to a stronger economy.