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Human Capital Formation In India

Question
CBSEENEC11009184
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Discuss the following as a sources of human capital formation:

(i) Health infrastructure

Solution

(i) Health infrastructure : Expenditure on health is an important source of human capital formation. Health expenditure directly increases the supply of healthy labour force and is, thus, a source of human capital formation. Preventive medicine (vaccination), curative medicine (medical intervention during illness), social medicine (spread of health literacy) and provision of clean drinking water and good sanitation are the various forms of health expenditure.

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