3. Mention the two sectors of Indian economy which proves that investment in human
capital can bring higher position for the country(class 9 economics).plsss ans i will definitely mark that person as brainliest
Answers
Answer:
Explanation:
Development of a country is based on the skills and knowledge of the people of that country. They develop social economic political and private organisation and takes to national development.
Human capital is the fundamental source of economic growth. It is a source of both increased productivity and technological advance. India’s Green Revolution is an example which shows the importance of input of greater knowledge leads to improved production technologies rapidly increases the productivity of scarce land resources. Secondly, India’s IT revolution is the major source to acquire high position in a economy.
Investments made in human resource in terms of education lead to development and increase in efficiency of the human resource, which in turn contributes to higher productivity and technological advancement. With increased production and technical advancement the country becomes rich and is able to invest further in harnessing the human resources. Thus, investment in human resource can change the position of any country.