11th Economics Chapter 4
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– Concepts of Human Resource, Human Capital Formation, and Human Development: Education is not just about higher earning capacity; it also provides social standing, better life choices, understanding societal changes, and stimulates innovations.
– Investment in Human Capital: Similar to physical capital, societies need competent individuals to develop into nurses, farmers, teachers, etc., thereby necessitating investment in human capital.
– Sources of Human Capital: Investment in education, health, on-the-job training, migration, and information contribute to human capital formation and enhanced labour productivity.
【4:1†source】
What are the two major sources of human capital in a country?
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What are the indicators of educational achievement in a country?
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Why do we observe regional differences in educational attainment in India?
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Bring out the differences between human capital and human development.
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How is human development a broader term as compared to human capital?
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