Advertisements
Advertisements
Question
State whether the following statement is true/false, with valid argument:
Human Capital and Human Development are one and the same thing.
Options
True
False
Solution
The given statement is False.
Explanation:
These two may sound similar but are not exactly the same. Whereas human capital considers education and health as a means to increase labour productivity, human development is based on the idea that education and health are integral to human well-being.
APPEARS IN
RELATED QUESTIONS
Bring out the differences between human capital and human development.
How is human development a broader term as compared to human capital?
Human capital treats humans as ends in themselves.
Which of the following is not a merit of human capital formation?
The stock of skill and expertise of a nation at a particular point of time is known as ______.
Read the following statements - Assertion (A) and Reason (R):
Assertion (A) - Human capital treats human beings as a means to an end (increase in productivity).
Reason(R) - Human Capital Formation decreases by way of investments in education and health.
From the given alternatives choose the correct one:
Read the following case study carefully and answer the question that follows.
Human capital can be defined as the body of knowledge possessed by the population and the capacity of the population to use the knowledge effectively. Until the late 1950s, no economist and any other social scientist did pay much attention to the role of investment in human beings as an important determinant of economic development. The birth of this idea can be dated from the presidential address of Prof. Theodore W. Schultze to the American Economic Association in December 1960. As a result, the concept of human capital formation came to the limelight. A circular relationship between human development and economic growth has come to be established. Economic growth creates conditions for better health and education facilities; which in turn spur economic growth.
Human Capital Formation came into existence in ______.
Read the following case study carefully and answer the question that follows.
Human capital can be defined as the body of knowledge possessed by the population and the capacity of the population to use the knowledge effectively. Until the late 1950s, no economist and any other social scientist did pay much attention to the role of investment in human beings as an important determinant of economic development. The birth of this idea can be dated from the presidential address of Prof. Theodore W. Schultze to the American Economic Association in December 1960. As a result, the concept of human capital formation came to the limelight. A circular relationship between human development and economic growth has come to be established. Economic growth creates conditions for better health and education facilities; which in turn spur economic growth.
Economists say that the main key player of economic development is ______.
Read the following case study carefully and answer the question that follows.
Human capital can be defined as the body of knowledge possessed by the population and the capacity of the population to use the knowledge effectively. Until the late 1950s, no economist and any other social scientist did pay much attention to the role of investment in human beings as an important determinant of economic development. The birth of this idea can be dated from the presidential address of Prof. Theodore W. Schultze to the American Economic Association in December 1960. As a result, the concept of human capital formation came to the limelight. A circular relationship between human development and economic growth has come to be established. Economic growth creates conditions for better health and education facilities; which in turn spur economic growth.
In ______ Five year Plan, India emphasized on human capital formation.
Read the following case study carefully and answer the question that follows.
Human capital can be defined as the body of knowledge possessed by the population and the capacity of the population to use the knowledge effectively. Until the late 1950s, no economist and any other social scientist did pay much attention to the role of investment in human beings as an important determinant of economic development. The birth of this idea can be dated from the presidential address of Prof. Theodore W. Schultze to the American Economic Association in December 1960. As a result, the concept of human capital formation came to the limelight. A circular relationship between human development and economic growth has come to be established. Economic growth creates conditions for better health and education facilities; which in turn spur economic growth.
________ means an improvement in the quality of life and living standards, e.g., measures of literacy, life expectancy, and health care.
How is human development a broader term as compared to human capital?
Assertion (A): Human capital is not traded in the market; however its services are traded.
Reason (R): Human capital is intangible in nature.