which of the following is not a source of human capital formation?
(a) education
(b) saving
(c) health
(d) information
Answers
Answer:- (c) health is your answer
explanation:- Health expenditure is a source of human capital formation as a healthy workforce will be more productive than a unhealthy one. Thereby, health expenditure increases supply of healthy labour force and greater productivity and efficiency.
Answer :
(d) Information is not considered a source of human capital formation.
Explanation :
Human capital formation refers to the process of acquiring and developing the knowledge, skills, and abilities of individuals that enable them to perform their roles more effectively in the economy. It typically includes investments in education, training, health, and savings. While information is important for decision-making and can be used to inform human capital formation, it is not considered a direct source of human capital itself.
- (a) Education is considered as a major source of human capital formation as it provides individuals with the knowledge and skills necessary for productive work.
- (b) Saving is also considered as a source of human capital formation as it enables individuals to invest in their future, including investments in education and health.
- (c) Health is a source of human capital formation as it is necessary for individuals to be able to work effectively. Good health enables individuals to be productive and to take advantage of opportunities to learn and earn.
- (d) Information is not considered a direct source of human capital formation, while it is important for decision-making and can be used to inform human capital formation, it is not considered a direct source of human capital itself.
So the correct answer is (d) Information is not considered a source of human capital formation.
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