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प्रश्न
State with valid reason whether the following statement is true or false:
“Higher productivity and production are the outcome of investment in human resources.”
पर्याय
True
False
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उत्तर
This statement is True.
Reason:
Investing in human resources, such as education, health, skill, and training, makes them more productive. It leads to increased output. It enables a country's people to be converted into productive assets.
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संबंधित प्रश्न
How does investment in human capital contribute to growth?
Explain how investment in education stimulates economic growth.
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| (i) | Preventive medicine | (A) | Medical intervention during |
| (ii) | Curative medicine | (B) | Vaccination |
| (iii) | Social medicine | (C) | The spread of health literacy |
Which of the following is not the role of on-the-job training?
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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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Which of the following points are related to the costs of migration?
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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?
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With what does human capital depreciate?
What constitutes the private benefit of human capital?
Which of the following is an example of a social (external) benefit of human capital?
