Question

Why is expenditure regarding on-the-job training a source of human capital formation?

Solution

Expenditure regarding on the job training is a source of human capital formation as a return of such expenditure in the form of enhanced labour productivity is more than the cost of it.

Some More Questions From Human Capital Formation In India Chapter

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?'

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Human Capital Formation In India

Why is expenditure regarding on-the-job training a source of human capital formation?

Some More Questions From Human Capital Formation In India Chapter

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?

Mention on the main forms of development of human resources.

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