Correct Answer: Both assertion and reason are true, and the reason is the correct explanation of the assertion.

Solution : The correct option is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.

Human capital refers to the knowledge, skills, abilities, and experience possessed by individuals that contribute to their productivity and economic value. The assertion that human capital is a valuable economic resource is true. Human capital is considered valuable because it plays a crucial role in driving economic growth and development.

The reason provided states that human capital contributes to economic growth and development, which is also true. When individuals possess higher levels of education, skills, and expertise, they are better equipped to participate in the workforce and contribute to the production of goods and services. This, in turn, enhances productivity, innovation, and overall economic performance.

Therefore, both the assertion that human capital is a valuable economic resource and the reason that human capital contributes to economic growth and development are true, and the reason is the correct explanation of the assertion.