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प्रश्न
Assertion (A): Human capital is not traded in the market; however its services are traded.
Reason (R): Human capital is intangible in nature.
विकल्प
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Both Assertion (A) and Reason (R) are true and Reason (R) is not the correct explanation of Assertion (A).
Assertion (A) is true, but Reason (R) is false.
Assertion (A) is false, but Reason (R) is true.
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उत्तर
Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
Explanation:
Human capital refers to the stock of educated, skilled, trained, and experienced labours that a nation has at any given moment. It has an intangible quality. Therefore, while its services might be traded, human capital itself is not traded on the market. For instance, medical services can be bought in the market. However, a doctor himself is not offered for sale.
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संबंधित प्रश्न
Bring out the differences between human capital and human development.
Human capital treats humans as ends in themselves.
The stock of skill and expertise of a nation at a particular point of time is known as ______.
Read the following case study carefully and answer the question that follows.
Human capital can be defined as the body of knowledge possessed by the population and the capacity of the population to use the knowledge effectively. Until the late 1950s, no economist and any other social scientist did pay much attention to the role of investment in human beings as an important determinant of economic development. The birth of this idea can be dated from the presidential address of Prof. Theodore W. Schultze to the American Economic Association in December 1960. As a result, the concept of human capital formation came to the limelight. A circular relationship between human development and economic growth has come to be established. Economic growth creates conditions for better health and education facilities; which in turn spur economic growth.
Human Capital Formation came into existence in ______.
Read the following case study carefully and answer the question that follows.
Human capital can be defined as the body of knowledge possessed by the population and the capacity of the population to use the knowledge effectively. Until the late 1950s, no economist and any other social scientist did pay much attention to the role of investment in human beings as an important determinant of economic development. The birth of this idea can be dated from the presidential address of Prof. Theodore W. Schultze to the American Economic Association in December 1960. As a result, the concept of human capital formation came to the limelight. A circular relationship between human development and economic growth has come to be established. Economic growth creates conditions for better health and education facilities; which in turn spur economic growth.
________ means an improvement in the quality of life and living standards, e.g., measures of literacy, life expectancy, and health care.
Which of the following points indicate the difference between human capital and human development?
"Active Government intervention is essential in education and health sectors in India."
Do you agree with the given statement? Give reasons in support of your answer.
According to the concept of human capital, investment in education and health primarily raises the:
In the human capital approach, education and health are viewed as:
In the human development perspective, education and health are regarded as:
Which pairing correctly matches the approach with its view of education and health?
The focus of the human capital approach is on:
If a construction worker, maid-servant, dhobi, or school peon is absent for a long time due to ill health, what may happen to their job?
Which group of workers faces the greatest risk that their income may stop completely during ill health, because they are paid only for the days they work?
What conclusion can be drawn about the relationship between health and employment?
Good health supports:
