ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Elementary education constitutes a major share of total education expenditure and the per capita expenditure in tertiary education is higher than that of elementary education.
Detailed explanation-2: -Elementary education takes the highest major share of total expenditure and higher education is the least. Elementary education/primary education is the basic or the first level of education and hence, government emphasises on it more.
Detailed explanation-3: -Elementary education takes a major share of total education expenditure and the share of the higher/tertiary education (institutions of higher learning like colleges, polytechnics and universities) is the least.
Detailed explanation-4: -Elementary education takes a major share of total education expenditure in India.
Detailed explanation-5: -It is the gateway to better paying jobs with opportunities for raises and bonuses. These monetary benefits increase living standards because a person will be able to afford housing and health costs. They will also be able to invest for the future.