Question

What are the major sources of human capital in a country? 

Options

• Investment in Educational Sector 

• Investment in Health Sector 

• Both Investment in Educational Sector and Investment in Health Sector 

• None of the above

Answer 1

Both Investment in Educational Sector and Investment in Health Sector 

Explanation:

1. Investment in Educational Sector:
   Education not only improves the standard of living but also pushes people to adopt more modern attitudes. Furthermore, education improves a nation's workforce's productive capacity and productivity through polishing their abilities. Education also helps a primitive economy break free from the chains of tradition and backwardness by increasing the acceptance of modern practices. Investing in the education industry has two advantages. It not only enhances revenue-generating ability but also reduces economic inequality, resulting in a more egalitarian society.
2. Investment in Health Sector:
   "The greatest riches is health," as the proverb goes. A country's wealth can be increased through the efforts of a healthy workforce. Investment in the health sector improves a country's workforce's efficiency, efficacy, and productivity. In contrast to a sick person, a healthy person can work more efficiently and hence contribute more to the country's GDP. Health and medical facilities boost not just life expectancy but also quality and standard of living. Investment in the health sector assures a steady supply of fit workers.