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प्रश्न
“Ravya was initially working as an office clerk in a firm. In the pursuit to attain, a higher position and income, she attended a few on-the-job training sessions. These sessions contributed positively to her skills and expertise.”
Explain the impact of Ravya’s decision on human capital formation.
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उत्तर
On-the-job trainings have become an integral part of work environment in the recent times as they add to the productive capacity of employees. Firms encourage such trainings, as the benefits outweighs the cost of these trainings. It enables employees to develop skills and adapt modern technologies/ideas.
Thus, Ravya’s decision to attend on-the-job training sessions will have a positive impact on human capital formation.
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संबंधित प्रश्न
Discuss the following as a source of human capital formation
Health infrastructure
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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.
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technological progress whereas Country B has invested more towards expanding its military
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What is the need for on-the-job training for a person?
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Read the following statements carefully.
Statement 1: On-the-job trainings help to bridge a gap between theoretical concepts and practical experiences.
Statement 2: On-the-job trainings update the employees, with the latest changes in their work field.
In the light of the given statements, choose the correct alternative:
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- Brain drain
- Low academic standards
- Rising population
- Changes in social outlook
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What justifies the investment that people make when they migrate for employment?
What is the purpose of spending on information as a source of human capital?
Why is human capital less mobile across countries than physical capital?
With what does human capital depreciate?
How can the depreciation of human capital be slowed down?
If a country relaxes its trade rules, which form of capital will become more readily mobile across its borders, and which will remain comparatively restricted?
