'There is a downward trend in inequality world-wide with a rise in the average education levels'. Comment.

Solution

This is rightly said that there is downward trend in inequality world-wide with a rise in the average education levels because education gives confidence among the masses to perform any work. It enables the person to work for a longer period. It helps in improving the productivity and the morale of the worker. It facilitates the person to differentiate between the better and best education and paves the way for healthy and educated generation (human capital) for the future which in turn leads to economic development. Education helps in increasing standard of living of people, thereby, helps in increasing the real per capita income.

Hence it is absolute truth that growth and investment in education result in reducing the inequilities not within the boundaries of a nation abut also across the borders.

Some More Questions From Human Capital Formation In India Chapter

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Human Capital Formation In India

'There is a downward trend in inequality world-wide with a rise in the average education levels'. Comment.

Some More Questions From Human Capital Formation In India Chapter

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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