External Benefits of Human Capital
Human capital benefits not only the owner but also the society. This is called:
- Internal benefit
- External benefit — Correct Answer
- Private benefit
- Government benefit
Explanation:
Correct Answer Explanation
This is called external benefit.
Key Points:
- An educated person can participate in democratic process and contribute to socio-economic progress.
- A healthy person maintaining hygiene stops spread of contagious diseases.
- Human capital creates both private and social benefits.
- Physical capital creates only private benefit.
📚 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.
