Question

Very Short Answer Type Questions
Q.1. Define human capital.
Q. 2. When does population become human capital?
Q.3. How is human capital superior to land and physical capital?
Q.4. Classify human activities.
Q. 5. What is the other name of economic activities?
Q. 6. How does education help people?
Q.7. Name any two determinants of the earning of any individual.
Q. 8. Which type of population is a liability for an economy?
Q. 9. What do you mean by Infant Mortality Rate?
Q. 10. What is workforce population?​

Answer 1

Question 1.

What is human capital?

Answer:

Human capital is the stock of skilled and productive work force of a nation.

Question 2.

How can the population of a nation becomes human capital?

Answer:

Population of a nation becomes human capital through education, training and medical care.

Answer 2

1. Population becomes human capital when there is investment made in the form of education, training and medical care.