Question

1.what is the role of education in human capital formation?
2.difference between economic activities and non-economic activity??
3.what is the role of health in human capital formation?
4.why are women employed in low paid work?​

Answer 1

Answer:

1. The role of education in human capital formation are as follows: An educated society facilitate better development program than an illiterate one. Education improves productivity and prosperity, and also improve enriched life experience. Education increases national income and other cultural richness.
2. Economic activity refers to a human activity related to production and consumption of goods and services for economic gain. Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain. Economic, i.e. to earn money. Lacks money measurement.
3. Only a healthy person can work efficiently and with full potential. A healthy person can work in a more effective manner. A healthy person can work in a productive way and in this way it can contribute better in the development of the economy of the country.
4. A majority of women in the country are less educated than men, thus they are primarily working as unskilled labor and thus get fewer wages.They are believed physically inferior to men thus believed to do less work, thus they are paid less.

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Answer 2

Answer:

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Question : 1.what is the role of education in human capital formation?

Answer : The role of education in human capital formation are as follows: An educated society facilitate better development program than an illiterate one. Education improves productivity and prosperity, and also improve enriched life experience. ... Education increases national income and other cultural richness.

2.difference between economic activities and non-economic activity??

Answer : Economic activity refers to a human activity related to production and consumption of goods and services for economic gain. Non-economic activity is an activity performed gladly, with the aim of providing services to others without any regard to monetary gain. Economic, i.e. to earn money. ... Lacks money measurement.

3.what is the role of health in human capital formation?

Answer : Role of health in human capital formation are as follow: Only a healthy person can work efficiently and with full potential. A healthy person can work in a more effective manner. A healthy person can work in a productive way and in this way it can contribute better in the development of the economy of the country.

4.why are women employed in low paid work?

Answer : The women employed in low paid work because of the following reasons: A majority of women in the country are less educated than men, thus they are primarily working as unskilled labor and thus get fewer wages. ... They are believed physically inferior to men thus believed to do less work, thus they are paid less.