Which one of the fallowing is a major source of human capital formation in a country?
(a) Expenditure on education
(b) Expenditure on Infrastructure
(c) Expenditure on Defense
(d) None of these
Answers
Answer:
The two major sources of human capital in a country are (i) Investment in education (ii) Investment in health Education and health are considered an important input for the development of a nation.
Answer:
Explanation:
Major source of human capital formation in a country.
(a) Investment on education
The state's productive workforce may be increased and improved most effectively by strengthening and expanding the educational system. The government and parents both invest more money on education since it is seen as the foundation of the development of human capital. Several goals for increased private and public investment in education include:
to increase their prospects for financial security
building up the workforce and improving technical skills will increase worker productivity, which will lead to economic growth.
to reduce the birth rate and increase the amount of resources available per person in order to regulate the population growth rate.
Knowledge and education may be shared, which has benefits for society.
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