Class 11 Economics - Indian Economic Development - Chapter Human Capital Formation in India NCERT Solutions | How is human development a broader term
How is human development a broader term as compared to human capital?
Human development is a broader term as compared to human capital because human capital is a means to an end whereas human development is an end in itself. Human capital considers education and health as a means to make a human being a good productive person. Human capital is a means to an end, where means implies skills that are used in the process of production and end denotes the consequent increase in the productivity. The higher levels of output can be achieved through extensive application of human capital. On the other hand, human development is an end in itself which refers to the holistic development of the individuals. The development can be possible only by acquiring good education and attaining good health. Therefore, education and health are the two main features of human development. Human development occurs when majority of people in the economy are educated and healthy. Thus, the end signifies the development of an individual via education and health. Therefore, we can conclude that human development is a broader term as compared to human capital.
More Questions From Class 11 Economics - Indian Economic Development - Chapter Human Capital Formation in India
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Discuss the need for promoting women’s education in India.
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Trace the relationship between human capital and economic growth.
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Discuss the following as a source of human capital formation
(i) Health infrastructure
(ii) Expenditure on migration. - Q:-
‘There is a downward trend in inequality world-wide with a rise in the average education levels’. Comment.
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What are the main problems of human capital formation in India?
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Education is considered to be an important input for the development of a nation. How?
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What are the indicators of educational achievement in a country?
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What factors contribute to human capital formation?
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Argue in favour of the need for different forms of government intervention in education and health sectors.
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How government organisations facilitate the functioning of schools and hospitals in India?
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6. Subsidy
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