ECONOMICS
HUMAN CAPITAL
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Education
|
|
|
Health
|
|
|
Migration
|
|
|
Information
|
|
|
All of these
|
Detailed explanation-1: -Sources of Human Capital Formation. Education investment is recognised as one of the main sources of human capital along with other sources like health, migration, on-job training, and information.
Detailed explanation-2: -Education and health are the two major sources of human capital in a country.
Detailed explanation-3: -A better-educated person has greater skills and knowledge and therefore greater opportunity to work and earn a higher income. Similarly, a healthy person is an asset for the nation as he is more productive than a sick person. Hence, expenditure on education and health are important sources of human capital formation.
Detailed explanation-4: -Investment in Education. People spend money on Education of Children. Health. A healthy person can of course work better than a sick person. Information. People spend to obtain information about different labour market, job opportunities etc. On the Job Training. 01-Mar-2023
Detailed explanation-5: -Skills, Qualifications, and Education. Work Experience. Social and Communication Skills. Habits and Personality Traits. Individual Fame and Brand Image.