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What is human capital group of answer choices?

What is human capital group of answer choices?

Terms in this set (16) What is human capital and why is it crucial to expand human capital as part of the development process? Human capital is defined as human capacities that raise productivity. In particular, human capital is focused on the level of education and health within the population.

Which of the following will not have a direct impact on human capital formation?

The Questions and Answers of Which of the following will not have a direct impact on human capital formation? a)Educationb)Medical carec)Trainingd)Irrigation. Correct answer is option ‘D’.

How does expenditure on education medical and training act as a source of human capital formation?

A sick labourer is compelled to abstain from work and this leads to loss of productivity. Hence expenditure on health is an important source of human capital formation. Health expenditure directly increases the supply of healthy labour force and is, thus a source of human capital formation.

Why is human capital formation important?

The term human capital formation implies the development of abilities and skills among the population of the country. In order to transform the liability of the huge size of population into assets adoption of various measures for human capital formation is very much essential.

What role does health play in human capital formation?

Role of health in human capital formation are as follow: Only a healthy person can work efficiently and with full potential. A healthy person can work in a more effective manner. A healthy person can work in a productive way and in this way it can contribute better in the development of the economy of the country.

How does health affect human capital?

Thus, according to [13] health is both human capital itself and an input to producing other forms of human capital. Being unhealthy depresses the ability to work productively as well as the ability and incentives to invest in human capital. …

Why is health considered an important factor for the development of a country Class 9?

Answer: Health is an important component of population composition which affects the process of development. (b) A healthy person is an asset to the country, is more productive and helps’ in the progress of the country. (c) A healthy person is able to earn more and improve his standard of living.

How health is important for a country?

The Importance of Health for a Nation’s Economy Healthy people are assets for a country. Therefore, good prevention is required for every country. Healthier people are more productive. To improve a nation’s growth, having healthy people is what it needs for a country to grow.

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