ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Spreading health literacy is an example of social medicine. Social medicine is concerned with creating awareness among the people regarding a disease, impact of social and economic conditions on health etc. Was this answer helpful?

Detailed explanation-2: -Preventive medicine (vaccination), curative medicine (medical intervention during illness), social medicine (spread of health literacy) and provision of clean drinking water and good sanitation are the various forms of health expenditure.

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: -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-5: -Expenditure on migration is a source of human capital formation as enhanced earnings in the migrated place are more than the increase in costs due to migration. This leads to the capital formation through optimum utilization of skilld. Was this answer helpful?