Question

Which of the following points indicate the difference between human capital and human development?

विकल्प

• 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 

• 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. 

• Human capital focuses on 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. 

• All of the above 

Answer 1

All of the above

Explanation:

Human capital and human development are related but not synonymous ideas. While human capital refers to a nation's stock of human talents and expertise at any given time, human development refers to a nation's human capital's overall development and well-being. Human capital views education and health as tools (skills and knowledge) for increasing productive capacity, whereas human development views humans as a goal in and of themselves. Human development, on the other hand, focuses on investment in the education and health sector to increase the general well-being and standard and quality of living of human beings, whereas human capital focuses on investment in the education and health sector to increase the productivity and efficiency of the workforce.