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Answers
Answer:
Investment in human resources means that the person would be able to get better education and better health facilities. This would lead to the overall development in the skills and efficiency of the person.
Explanation:
(i) Investment in education of human resource results in the formation of human capital.
(ii) One can earn higher income because of higher productivity of the more educated or better trained persons, thus contributing towards human capital formation.
(iii) Investment in human resource via education and medical care can give higher rates of return in the future.
(iv) Health sector development can prove useful for the economy.
(v) Healthier the people, the more they work, and the more they produce and earn.
(vi) As it is said, 'Health is Wealth; a healthy person's capacity to work increases and he becomes more productive and hence, earns more.
Explanation:
Investment in human capital (through education, training, medical care) yields a return just like investment in physical capital. This can be seen directly in the form of higher incomes earned because of higher productivity of the more educated or the better trained persons, as well as the higher productivity of healthier people.
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