ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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lack of natural resources
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high rate of unemployment
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lack of foreign trading partners
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high level of government regulation
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Detailed explanation-1: -Human capital allows an economy to grow. When human capital increases in areas such as science, education, and management, it leads to increases in innovation, social well-being, equality, increased productivity, improved rates of participation, all of which contribute to economic growth.
Detailed explanation-2: -There is mounting evidence that unless they strengthen their human capital, countries cannot achieve sustained, inclusive economic growth, will not have a workforce prepared for the more highly skilled jobs of the future, and will not compete eectively in the global economy.
Detailed explanation-3: -What are the problems of human capital formation in India? The rising population adversely affects the quality of human capital. It reduces the per capita availability of existing facilities. Regional and gender inequality lowers the human development level.
Detailed explanation-4: -Economic Conditions: Social: Political: Labour Legislation: Workforce Diversity: Levels of Education: Corporate Reorganization: Competitive Advantage: More items