3 major source of human capital in india
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Hey friend !
Your answer is here.
Human capital is a stock of skill and expertise of a nation at a particular point of time.
The major source of human capital formation are :
1. Investment in Educational Sector:
Education not only raises the standard and quality of living but also encourages modern attitude of the people. Moreover, education increases the productive capacity and productivity of a nations workforce by honing their skills.
2. Investment in Health Sector:
There is a saying The greatest wealth is health. The wealth of a country can be increased with the efforts of healthy workforce. Investment in health sector increases efficiency, efficacy and productivity of a nations workforce.
# I hope it will help you.
@ Neer Tanwar.
Thank you
Your answer is here.
Human capital is a stock of skill and expertise of a nation at a particular point of time.
The major source of human capital formation are :
1. Investment in Educational Sector:
Education not only raises the standard and quality of living but also encourages modern attitude of the people. Moreover, education increases the productive capacity and productivity of a nations workforce by honing their skills.
2. Investment in Health Sector:
There is a saying The greatest wealth is health. The wealth of a country can be increased with the efforts of healthy workforce. Investment in health sector increases efficiency, efficacy and productivity of a nations workforce.
# I hope it will help you.
@ Neer Tanwar.
Thank you
Answered by
1
Human capital refers to the Stock of skill and, expertise of a nation at a point of time. The two major sources of human capital in a country are (i) Investment in education (ii) Investment in health Education and health are considered an important input for the development of a nation. A better educated person has greater skills and knowledge and therefore greater opportunity to work and earn higher income. Similarly, a healthy person is an asset for the nation as he is more productive than a sick person, who is unable to work efficiently due to bad health. Hence, expenditure on education and health is an important source of human capital formation.
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