ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Investing in people through nutrition, health care, quality education, jobs and skills helps develop human capital, and this is key to ending extreme poverty and creating more inclusive societies.

Detailed explanation-2: -Investment in human capital through education training and medical care yields a return just like investment in physical capital. Higher income is earned because of higher productivity of the more educated or the better trained persons, as well as the higher productivity of healthier people.

Detailed explanation-3: -Examples of human capital include the education, technical training, or problem-solving skills that a person offers to a business. Education is one of the most important elements of human capital, as it often leads to increased economic output, higher individual income, and increased economic mobility for families.

Detailed explanation-4: -Invest in employee development. Traditionally an investment in human capital would include training. Fund scholarships. Funding college or continuing education scholarships is a long-term investment in human capital. Provide educational bonuses. Provide family assistance programs. 29-Sept-2021