ECONOMICS
HUMAN CAPITAL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Preventive Medicine
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Curative Medicine
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Social Medicine
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All of these
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Detailed explanation-1: -Investment in education is considered as one of the main sources of human capital. There are several other sources as well. Investments in health, on-the-job training, migration and information are the other sources of human capital formation.
Detailed explanation-2: -Answer: Investment in education, healthcare, on the job training, migration, etc. are the factors which contribute to human capital formation.
Detailed explanation-3: -Health expenditure is a source of human capital formation as a healthy workforce will be more productive than a unhealthy one. Thereby, health expenditure increases supply of healthy labour force and greater productivity and efficiency. Was this answer helpful?
Detailed explanation-4: -Expenditure on Information as a Source of Human Capital Formation: People spend to acquire information relating to the labour market, education and health institutions, etc. Information relating to job opportunities and educational institutes enables people to increase their earning potential.
Detailed explanation-5: -Hard skills and soft skills. Higher education and training. Intelligence and emotional intelligence. Personality. Work experience. Employee well-being. Loyalty to the company. 20-Jul-2021