Question

9. How does human capital create both private and social benefits?
10 How does "Expenditure on Migration” act as a source of human capita​

Answer 1

Explanation:

1. Human capital creates both private and social benefits, whereas physical capital creates only private benefit. That is, benefits from a capital good flow to those who pay the price for the product and services produced by it.
2. Expenditure on migration is a source of human capital formation as enhanced earnings in the migrated place is more than the increase in costs due to migration. This leads to capital formation through fuller utilisation of skills.

Answer 2

Answer:

9. Human capital creates both private and social benefits, whereas physical capital creates only private benefit. That is, benefits from a capital good flow to those who pay the price for the product and services produced by it.

10.Expenditure on migration is a source of human capital formation as enhanced earnings in the migrated place is more than the increase in costs due to migration. This leads to capital formation through fuller utilisation of skills.