Which of the following way you can not considered as an investment in human capital formation
a) Education
b) Medical treatment
c) Cash Reward
d) Training
Answers
Answer:
Education
Education is an important factor in human capital formation which leads to higher efficiency and productivity in human beings and thus higher income and standard of living which again facilitates further investment in education and health. ... Health expenditure thus, a source of human capital formation.
Explanation:
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Which of the following way you can not considered as an investment in human capital formation
a) Education
b) Medical treatment
c) Cash Reward
d) Training
The correct answer is :
c) Cash Reward
Explanation:
Cash rewards in human capital formation cannot be treated as an investment in human capital formation.
Education, medical treatment and training, these three elements are known as investments in human capital formation. Through these three, the process of development of human capital takes place and human beings develop continuously as a resource.
Education makes humans capable and perfect, which makes them employable. Medical treatment is very important for his health so that he can do his job quickly.
Training makes an efficient and makes him well suited to perform the related work.
The cash award is the immediate reward given to human beings and cannot be treated as an investment in human capital formation.
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