English

Establish the Need for Acquiring Information Relating to Health and Education Expenditure for the Effective Utilisation of Human Resources. - Economics

Advertisements
Advertisements

Question

Establish the need for acquiring information relating to health and education expenditure for the effective utilisation of human resources.

Answer in Brief
Advertisements

Solution

The degree of availability of jobs, salaries and admissions related information plays an important role in the determination of human capital. The availability of jobs and admissions related information not only help the students to opt for the best choice according to their interest areas but also leads to the effective utilisation of human skills and knowledge. Some of the important medium of catering different information related to jobs, eligibility criteria, posts and salaries are Employment News (Rozgar Samachar), Employment Exchanges, various TV programs and government and non-government websites. While on the one hand, expenditures on education enhance human skills and their utilisations, on the other hand, the expenditure on health improves health, efficiency, quality of living and life expectancy of people. The expenditure incurred on the availability of medical information and health awareness determines the health of the people. The acceptability and the use of medical information and family welfare programmes are often obstructed by lack of its publicity and promotion. Often people are reluctant to opt for various health measures due to the lack of complete knowledge and information. For example, few years back, people knew very little about polio and about its vaccination. But due to the constant efforts by various government and non-government organisations under the Pulse Polio Immunisation Program, people are now well aware of polio. Therefore, it is due to the continuous publicity and various awareness campaigns, this program have gained public consciousness. Thus, the expenditure on the spread of information (of education and health) determines the effectiveness and efficacy of human capital.

shaalaa.com
  Is there an error in this question or solution?
Chapter 5: Human Capital Formation in India - Exercise [Page 97]

APPEARS IN

NCERT Economics - Indian Economic Development [English] Class 12
Chapter 5 Human Capital Formation in India
Exercise | Q 10 | Page 97

RELATED QUESTIONS

What are the indicators of educational achievement in a country?


Why do we observe regional differences in educational attainment in India?


How government organisations facilitate the functioning of schools and hospitals in India?


Discuss the need for promoting women’s education in India.


Argue in favour of the need for different forms of government intervention in education and health sectors.


In your view, is it essential for the government to regulate the fee structure in education and health care institutions? If so, why?


Elementary education takes a major share of total education expenditure in India.


Which level of education takes a major share of total education expenditure in India?


What was the share of education in total government expenditure in 2014?


When was Right to Education Act enacted?


Read the given case study and answer the question.

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.

Standard economic theories failed to explain the post war rapid growth due to ______.


______ refers to the ability to read and write.


Indian Constitution has provided for free and compulsory education for all children aged between 6-14 years. It is a big challenge for our economy, for the following reasons: 


What are the indicators of educational achievement in a country?


To boost the health and education facilities the government has set up various organisations. Which of the following are such organisations?


Which of the following points indicates that education is considered an important input for the development of a nation?


“India has failed to implement the recommendations of Education Commission of 1964-66.” Give valid arguments in support of the given statement.


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×