Alfred Marshall Quote Context
Economists like Alfred Marshall emphasised that spending on education is profitable because:
- It reduces population
- It enables people to bring out their latent abilities — Correct Answer
- It reduces government expenditure
- It eliminates poverty immediately
Explanation:
Correct Answer Explanation
Education enables people to bring out their latent abilities and provides greater opportunities.
Key Points:
- Spending on education is profitable as a mere investment.
- Many who would have died unknown get the start needed for bringing out latent abilities.
📚 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.
