Discuss the importance of education in human resources development.

Solution

The importance of education for the development of human resources was recognised long ago. Adam Smith published his 'Wealth and Nation' nearly 200 years ago, considered education and specialised training in various crafts useful for the society. Expenditure on these items creates a sort of fixed capital which raises production ability of both individuals and the society. The education system performs the following functions :

1. It results in greater awareness of available opportunities and mobilities of labour.

2. It produces the skilled and trained personnel needed by the economy and society.

3. It promotes science and technology, scientific outlook and increased participation of citizens in the affairs of the country.

4. It builds human capacity for appreciation of art and literature.

5. It generates national and development consciousness.

6. It is needed for cultural needs and develops personality.

Some More Questions From Human Capital Formation In India Chapter

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Human Capital Formation In India

Discuss the importance of education in human resources development.

Some More Questions From Human Capital Formation In India Chapter

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