Physical Capital Formation Nature
Physical capital formation is mainly:
- A social process
- An economic and technical process — Correct Answer
- A political process
- A cultural process
Explanation:
Correct Answer Explanation
Physical capital formation is mainly an economic and technical process.
Key Points:
- Human capital formation is partly a social process and partly a conscious decision of the possessor.
- Children receive education and health care from parents and society.
- Peers, educators, and society influence human capital investments.
📚 About this Topic — CH-4: HUMAN CAPITAL FORMATION IN INDIA
This multiple choice question is from CH-4: HUMAN CAPITAL FORMATION IN INDIA, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-4: HUMAN CAPITAL FORMATION IN INDIA to strengthen your preparation.
