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Human Capital Formation In India

Question

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Why is education sought?

Solution

Education is sought as (i) it confers higher earning capacity, (ii) it gives one a better social standing and pride, (iii) it enables one to make better choices in life, (iv) it provides knowledge to understand the changes taking place in society, (v) it also stimulates innovations, (vi) it accelerates the development process.

Some More Questions From Human Capital Formation In India Chapter

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?

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Mention on the main forms of development of human resources.

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Why is technical education essential?

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