Question

discuss the virtuous and vicious human capital formation

Answer 1

Q13 What do you understand by the virtuous cycle of human development? By virtuous cycle of human development we mean that human development causes more human development. Let us see how this happens: Educated and healthy parents…………provide good education to their children , provide adequate nutrition and healthcare to their children. They are more efficient and productive. Enjoy higher incomes and better standard of living…………..children grow up as educated and healthy adults………….these adults become parents and the same cycle sets off again. Conversely, the uneducated and sick parents are trapped in vicious cycle of underdevelopment. They neither have the means or the knowledge to provide education or healthcare to their children. Low productivity , low income and poverty perpetuate the vicious cycle

Answer 2

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