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Human Capital Formation In India
Explain the role of education in attaining income equity in a country.
The labour skills of an educated person is more than that of uneducated person and the former generates more income than the latter. The contribution of an educated person to economic growth is more than that of an illiterate person. The availability of educated labour force facilitates adpaptation of new technology. Income disparities can be removed by providing education, general and technical both. An uneducated person earns less than the educated one.
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What do you mean by the term 'sources of human capital formation?'
A professor earns a higher wage than a peon in the college. Why?
What is human developments?
What is 'on the job training'?
Give the different forms of 'on the job training'.
Why is expenditure regarding on-the-job training a source of human capital formation?
What is investment in education?
Mention on the main forms of development of human resources.
What do you mean by health?
What is social infrastructure?
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