Human Capital vs Human Development
Human capital considers education and health as a means to increase:
- Population
- Labour productivity — Correct Answer
- Government revenue
- Imports
Explanation:
Correct Answer Explanation
Human capital considers education and health as a means to increase labour productivity.
Key Points:
- Human capital: Treats humans as means to an end (increase in productivity).
- Human development: Treats humans as ends in themselves (well-being is the goal).
- In human capital view, investment is unproductive if it doesn't enhance output.
📚 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.
