Bring out the differences between human capital and human development.
Human capital and human development are interrelated concepts but they are not identical. While human capital refers to the stock of a nation's human skills and expertise at a particular point of time human development refers to holistic development and well being of a nation's human capital. On one hand, human capital considers education and health as a means (skills and expertises) to enhance productive capacity, on the other hand human development considers human beings as end in itself. The important difference between human capital and human development is associated with the difference in the motive of investment. While human capital focuses on the investment in education and health sector to increase productivity and efficiency of workforce,on the other hand, human development focuses on investment in education and health sector to increase the general well being and standard and quality of living of human capital. If investment fails to increase the efficiency and income earning capacity, then human capital regards the investment to be unproductive. But, human development advocates in favour of such investments even though these had failed to bring out higher productivity and efficiency. Human development protects every individual's right to get education and lead a healthy life.
Discuss the need for promoting women’s education in India.
Trace the relationship between human capital and economic growth.
Discuss the following as a source of human capital formation
(i) Health infrastructure
(ii) Expenditure on migration.
‘There is a downward trend in inequality world-wide with a rise in the average education levels’. Comment.
Education is considered to be an important input for the development of a nation. How?
What are the main problems of human capital formation in India?
How is human development a broader term as compared to human capital?
What factors contribute to human capital formation?
Argue in favour of the need for different forms of government intervention in education and health sectors.
What are the indicators of educational achievement in a country?
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
What do you mean by rural development? Bring out the key issues in rural development.
Define a plan?
Who is a worker?
Explain the term ‘infrastructure’.
What is meant by environment?
Why are regional and economic groupings formed?
Why were reforms introduced in India?
Why calorie-based norm is not adequate to identify the poor?
Name some notable economists who estimated India’s per capita income during the colonial period?
Explain the steps taken by the government in developing rural markets.
Victor is able to get work only for two hours in a day. Rest of the day, he is looking for work. Is he unemployed? Why? What kind of jobs could persons like Victor be doing?
Discuss the reforms which have been initiated recently to meet the energy crisis in India.
What was the two-fold motive behind the systematic de-industrialisation affected by the British in pre-independent India?
What do you understand by devaluation of rupee?
Fill in the blanks
(a) First Five Year Plan of ________________ commenced in the year 1956. (Pakistan/China)
(b) Maternal mortality rate is high in _____________. (China/Pakistan)
(c) Proportion of people below poverty line is more in __________. (India/Pakistan)
(d) Reforms in ______________ were introduced in 1978. (China/Pakistan)
The following table shows distribution of workforce in India for the year 1972-73. Analyse it and give reasons for the nature of workforce distribution. You will notice that the data is pertaining to the situation in India 30 years ago!
Place of Residence | Workforce (in millions) | ||
Male | Female | Total | |
Rural Urban |
125 32 |
69 7 |
195 39 |
Highlight the salient features of India’s pre-independence occupational structure.
Name some notable economists who estimated India’s per capita income during the colonial period?
China’s rapid industrial growth can be traced back to its reforms in 1978. Do you agree? Elucidate.