Question

In the human capital approach, education and health are viewed as:

Options

• Consumption activities that reduce savings

• Fundamental rights of all human beings

• Ends in themselves

• Means to increase labour productivity and, thereby, earn higher incomes

Answer 1

Under the human capital view, education and health are means to an end. They increase labour productivity, which enables workers to earn higher incomes. They are not valued for their own sake in this approach.