by investing in human capital german and British governments create a higher standard of living for their people. or the events below starting with what happens first so that they demonstrate how that higher standard of living is achieved
The Words Are Creating More Productive Workers, Leads To Higher Literacy Rates And Better Education, Able To Earn Higher Wadges, And Investing In Human Capital
1. Investing in human capital: German and British governments allocate resources towards improving education, healthcare, and skills training for their citizens.
2. Creating more productive workers: With increased investment in human capital, workers in both countries become more skilled and knowledgeable, leading to higher productivity levels in various industries.
3. Leads to higher literacy rates and better education: As workers receive better education and training, overall literacy rates in the population increase, and the quality of education improves.
4. Able to earn higher wages: With a more skilled and productive workforce, individuals are able to find higher-paying job opportunities, leading to better incomes and a higher standard of living for the population.
5. Achieving a higher standard of living: Ultimately, the combination of higher productivity, improved education, and increased wages results in a higher standard of living for the people in Germany and the UK.