Issues related to development and management of social sector and services Significance of Human Capital For individuals and families : Higher earnings and improved standard of living Generational returns : Benefits of human capital transcend private returns, extending to others and across generations. For societies Building social capital :enhances social cohesion and equity while strengthening people’s trust in institutions. Incremental results on Human Capital : Societies need sufficient human capital in the form of competent people who have themselves been educated and trained as professors and other professionals to produce other human capital. For countries Human capital complements physical capital in the production process as people with higher human capital can use the physical capital more effectively and adapt faster to technological change Education provides knowledge to understand changes in society and scientific advancements, thus, facilitate inventions and innova...