Question

Differentiate between literacy and education.

Solution

Literacy just refers to the ability to read and write whereas education comprises primary education, secondary education, higher (tertiary) education.

Some More Questions From Human Capital Formation In India Chapter

Define human capital.

What is meant by human capital formation?

Human capital formation is the process of adding to the stock of human capital over time.

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Human Capital Formation In India

Differentiate between literacy and education.

Some More Questions From Human Capital Formation In India Chapter

Define human capital.

What is meant by human capital formation?

Human capital formation is the process of adding to the stock of human capital over time.

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?

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