Question

A
1. Why is human capital considered superior
to other resources like land and physical
capital ? Name the factors that affect the
quality of population. Explain how these
factors help in human capital formation ?
[CBSE 2015]
ns. Human capital is in one way superior to other
resources like land and physical capital: human
resource can make use of land and capital.
Land and capital cannot become useful on its
own!
Factors affect the quality of population :
(i) Skill formation: Skill formation increases
the productivity of the workers.
(ii) Health: A healthy worker is an asset for
the company as well as society.
(iii) Literacy rate: Education widens the
mental horizon of the citizens.
These factors enhance the existing productive
skills and abilities of the peoples and enable
them to contribute effectively to the Gross
National Product. Thus the productive power
of the country increased resulting in higher
incomes and higher growth rate.​

Answer 1

Answer:

Human capital is superior to other resources like land and physical capital because human resources can make better use of land and physical capital but land and physical capital cannot become useful on its own. Several years of education adds to the quality of labour. This enhances their all over productivity.

Explanation: