Class 11 Economics - Indian Economic Development - Chapter Human Capital Formation in India NCERT Solutions | Discuss the following as a source of hum
Discuss the following as a source of human capital formation
(i) Health infrastructure
(ii) Expenditure on migration.
Source of Human Capital Formaion are:
(i) Health infrastructure
There is a saying “The greatest wealth is health”. The wealth of a country can be increased with the efforts of healthy workforce. Investment in health sector increases efficiency, efficacy and productivity of a nation's workforce. In contrast to an unhealthy person, a healthy person can work better with more efficiency and, consequently, can contribute relatively more to the GDP of the country. Good health and medical facilities not only extends life expectancy but also improves quality and standard of life. Investing in health sector ensures the perennial supply of healthy workforce. Some of the common expenditures incurred in the health sector are on providing better medical facilities, easy availability of life savings drugs, common vaccination, spread of medical knowledge, provision of proper sanitation and clean drinking water, etc. Thus, the expenditure incurred on health is important in building and maintaining a productive work force.
(ii) Expenditure on migration
Migration refers to the movement of people from underdeveloped or developing countries to t developed countries in search for better avenues. Migrations contribute to human capital formation as it facilitates the utilisation of inactive or underdeveloped skills of an individual. The cost of migration involves cost of transportation, and cost of living at the migrated places. Usually, the cost of migration is very high due to the high cost of transportation and high cost of livelihood in the developed countries. But still, people migrate in search of better job opportunities and handsome salaries. Migration of human capital helps the underdeveloped countries to acquire technical skills, efforts reducing methods and efficient ways of performing tasks. These skills and know-how are transmitted by the migrated people to their home country that not only add to the economic growth and development but also enhance the human capital of the home country. If the gains from migration outweigh the migration costs then it can be inferred that migration leads to better utilisation of human capital skills.
More Questions From Class 11 Economics - Indian Economic Development - Chapter Human Capital Formation in India
- Q:-
Discuss the need for promoting women’s education in India.
- Q:-
Trace the relationship between human capital and economic growth.
- Q:-
‘There is a downward trend in inequality world-wide with a rise in the average education levels’. Comment.
- Q:-
What are the main problems of human capital formation in India?
- Q:-
Education is considered to be an important input for the development of a nation. How?
- Q:-
How is human development a broader term as compared to human capital?
- Q:-
What factors contribute to human capital formation?
- Q:-
Argue in favour of the need for different forms of government intervention in education and health sectors.
- Q:-
What are the indicators of educational achievement in a country?
- Q:-
Bring out the need for on-the-job-training for a person.
Popular Questions of Class 11 Economics - Indian Economic Development
- Q:-
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
- Q:-
What do you mean by rural development? Bring out the key issues in rural development.
- Q:-
Define a plan?
- Q:-
Who is a worker?
- Q:-
Explain the term ‘infrastructure’.
- Q:-
What is meant by environment?
- Q:-
Why are regional and economic groupings formed?
- Q:-
Why were reforms introduced in India?
- Q:-
Why calorie-based norm is not adequate to identify the poor?
- Q:-
Name some notable economists who estimated India’s per capita income during the colonial period?
Recently Viewed Questions of Class 11 Economics - Indian Economic Development
- Q:-
Two major environmental issues facing the world today are ____________ and _____________.
- Q:-
Why are regional and economic groupings formed?
- Q:-
Find the odd man out (i) owner of a saloon (ii) a cobbler (iii) a cashier in Mother Dairy (iv) a tuition master (v) transport operator (vi) construction worker.
- Q:-
Mention the salient demographic indicators of China, Pakistan and India.
- Q:-
Why, despite the implementation of the green revolution, 65 percent of our population continued to be engaged in the agriculture sector till 1990?
- Q:-
The following table shows the population and worker population ratio for India in 1999-2000. Can you estimate the workforce (urban and total) for India?
Region Estimates of
Population
(in crores)Worker
Population
RatioEstimated
No. of Workers
(in crores)Rural
Uraban
Total71.88
28.52
100.4041.9
33.7
39.571.88/100 x 41.9 = 30.12
?
? - Q:-
Explain the supply-demand reversal of environmental resources.
- Q:-
Why calorie-based norm is not adequate to identify the poor?
- Q:-
Justify that energy crisis can be overcome with the use of renewable sources of energy.
- Q:-
Name some modern industries which were in operation in our country at the time of independence?
- All Chapters Of Class 11 Economics - Indian Economic Development
- All Subjects Of Class 11