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प्रश्न
Benefits of physical capital accrue only to private entities, whereas human capital provides private as well as ______ benefits.
विकल्प
profitable
fiscal
social
monetary
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उत्तर
Benefits of physical capital accrue only to private entities, whereas human capital provides private as well as social benefits.
Explanation:
Physical capital, such as machinery and plant, is only useful to businesses that are involved in the production process. But human capital, or the stock of skilled, trained, educated, and experienced labours, is an asset for society and the nation as well as individuals who purchase their services.
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संबंधित प्रश्न
Discuss the following as a source of human capital formation
Health infrastructure
Discuss the following as a source of human capital formation
Expenditure on migration.
How does investment in human capital contribute to growth?
Explain how investment in education stimulates economic growth.
Trace the relationship between human capital and economic growth.
______ five-year plan recognized the importance of human capital.
Which of the following institutes comes under the health sector?
Which of the following is not the role of on-the-job training?
Read the given case study and answer the questions
Traditional economic theory viewed capital in physical terms only. Economists during the late 1950s based on the aggregate production function found that the standard measures of simple labour and physical capital were incapable of explaining adequately the rapid post-war growth. Speculations on what was missing were diverse. Some argued that the principal explanation lays in the lack of appropriate adjustments for improvement in the quality of physical capital and the embodiment of technical progress in that capital. Others suggested that the most important omission pertains to the organisational advance or a vaguely specified human capital. The residual of unexplained growth was at first ascribed to technology by Solow, but later, the residual was defined to include improvements in the quality of capital can the investment in human beings. Human capital is formed with improvement in skills education. Improved health and education is merit as well as a public good and is associated with a large number of externalities which are often indirect, indivisible and non-quantifiable.
Which of the following gives the definition of public goods?
Read the given case study and answer the questions
Traditional economic theory viewed capital in physical terms only. Economists during the late 1950s based on the aggregate production function found that the standard measures of simple labour and physical capital were incapable of explaining adequately the rapid post-war growth. Speculations on what was missing were diverse. Some argued that the principal explanation lays in the lack of appropriate adjustments for improvement in the quality of physical capital and the embodiment of technical progress in that capital. Others suggested that the most important omission pertains to the organisational advance or a vaguely specified human capital. The residual of unexplained growth was at first ascribed to technology by Solow, but later, the residual was defined to include improvements in the quality of capital can the investment in human beings. Human capital is formed with improvement in skills education. Improved health and education is merit as well as a public good and is associated with a large number of externalities which are often indirect, indivisible and non-quantifiable.
Consider the situation of 2 countries – A and B. Country A has invested more towards the
technological progress whereas Country B has invested more towards expanding its military
network and arms. To Solow, which country would go faster?
Read the given case study and answer the questions
Traditional economic theory viewed capital in physical terms only. Economists during the late 1950s based on the aggregate production function found that the standard measures of simple labour and physical capital were incapable of explaining adequately the rapid post-war growth. Speculations on what was missing were diverse. Some argued that the principal explanation lays in the lack of appropriate adjustments for improvement in the quality of physical capital and the embodiment of technical progress in that capital. Others suggested that the most important omission pertains to the organisational advance or a vaguely specified human capital. The residual of unexplained growth was at first ascribed to technology by Solow, but later, the residual was defined to include improvements in the quality of capital can the investment in human beings. Human capital is formed with improvement in skills education. Improved health and education is merit as well as a public good and is associated with a large number of externalities which are often indirect, indivisible and non-quantifiable.
In the context of the above paragraph, the ‘residual’ factor include ______.
Which of the following statements are correct
Statement 1: Migration is the shifting of a person from one place to another with the intention of settling, permanently or temporarily in a new location.
Statement 2: The movement is often over long distances and from one country to another.
Statement. 3: When people migrate from one country to another country it is known as external migration.
Which of the following points are related to the costs of migration?
What are the major sources of human capital in a country?
What is the need for on-the-job training for a person?
Out of following one is non-renewable source:
Which of the following is NOT a source of human capital?
What justifies the investment that people make when they migrate for employment?
Which statement about tradability is correct?
What constitutes the private benefit of human capital?
