Advertisements
Advertisements
Question
Benefits of physical capital accrue only to private entities, whereas human capital provides private as well as ______ benefits.
Options
profitable
fiscal
social
monetary
Advertisements
Solution
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.
APPEARS IN
RELATED QUESTIONS
How does investment in human capital contribute to growth?
Trace the relationship between human capital and economic growth.
Which one of the following is a reason for poor human capital formation in India?
The objective of midday meal scheme is ______.
Physical capital is inseparable from its owner.
Match and choose the correct combination.
| (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?
Which of the following is an example of curative medicine?
What are the major sources of human capital in a country?
What is the need for on-the-job training for a person?
The newly emerging jobs are found mostly in the ______ sector.
"Expenditure on On-the-job training is an important means of human capital formation in an economy."
Give valid reasons to justify the given statement.
Identify, which of the following are associated with the problem of human capital formation in India?
- Brain drain
- Low academic standards
- Rising population
- Changes in social outlook
Investment in children's education is analogous to which activity of a firm?
People migrate from one place to another in search of better employment opportunities and higher salaries despite incurring which set of costs?
Which statement about tradability is correct?
Which of the following is an example of a social (external) benefit of human capital?
