ECONOMICS
HUMAN CAPITAL
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Expenditure on infrastructure
|
|
|
Expenditure on education
|
|
|
Expenditure on the job training
|
|
|
All of these Expenditure on Education, training, health, migration and information is the source of human capital formation.
|
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: -On-the-job training is a source of human capital formation as it increases the skill and efficiency of the workers and leads to an increase in production and productivity.
Detailed explanation-3: -Therefore, health infrastructure is a source of human capital formation. (ii) Expenditure on Migration People migrate in search of jobs with higher salaries than what they may gel in their native place People from rural areas migrate to urban areas in search of employment.
Detailed explanation-4: -Education and health are the two major sources of human capital in a country.
Detailed explanation-5: -Hence, expenditure on migration is a source of human capital formation.