How does an improved quality of human resources help in establishing a virtuous cycle?
Answers
Virtuous cycle is created in a way where the educated parents would like to spend much more heavily on their children.
Thus, Improved quality of human resources in the form of good education and health will enhance the total productivity of the nation. It helps in forming of good prospects in different works and earn better. As a result, the overall well being and the standard of living of a person is improved parallely.
An educated individual, having realised the importance of health and education himself, is more conscious of the health of knowledge for the future generations as well. This implies sustainability.
In this way we can say that a cycle of better and improved working and earning opportunities is created.
Role of improved quality of human resource in establishing a virtuous cycle:
Better contribution to productive power of country:
Existing human resource with good educational background can acquire specific skills in a better way and can contribute to national productivity more efficiently.
Higher earnings and greater contributions to society:
Improved quality of human resources can give higher rates of return in future in the form of higher earnings and greater contributions to society.