Question

defferenti ate between human capital and human development

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Answer 1

Answer:

1)Concept

Human capital is a comparatively narrow concept

Human development is a comparatively broader concept

2)Central theme

*capital-

It considers that health and education are the best means to improve the productivity of the labour force

*development-

It considers that health and education help in the overall development of the individual, as a healthy individual with proper education can take decisions that will help them lead a happy and healthy life

3)Welfare

*capital-

In case of human capital, health and education are not useful as long as they do not result in improved productivity

* development-

Human development considers that human welfare is increased by having good health and proper education even if they do not result in any improvements in productivity

Explanation:

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