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Human capital formation as a concept is better explained in terms of a process which enables
1. individuals of a country to accumulate more capital.
2. increasing the knowledge, skill levels and capacities the people of the country.
3. accumulation of tangible wealth.
4. accumulation of intangible wealth.
Which of the statements given above is/are correct?
1. individuals of a country to accumulate more capital.
2. increasing the knowledge, skill levels and capacities the people of the country.
3. accumulation of tangible wealth.
4. accumulation of intangible wealth.
Which of the statements given above is/are correct?
- a)1 and 2
- b)2 only
- c)1, 3 and 4
- d)2 and 4
Correct answer is option 'D'. Can you explain this answer?
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Verified Answer
Human capital formation as a concept is better explained in terms of a...
According to Harbison, the human capital formation indicates, “the process of acquiring and increasing the number of persons who have the skills, education and experience which are critical for the economic and the political development of the country.
Most Upvoted Answer
Human capital formation as a concept is better explained in terms of a...
Explanation:
Human capital formation refers to the process of increasing the knowledge, skills, and capacities of people. It is a process of investing in people through education, health, and other forms of training and development. Human capital formation has a positive impact on the economic growth of a country. The correct statements are:
1. Increasing the knowledge, skill levels and capacities of the people of the country:
- Human capital formation involves investing in education, training, and development of people. This results in an increase in their knowledge, skills, and capacities. When people have higher levels of education and skills, they are more productive and can contribute more to the economic growth of the country.
2. Accumulation of intangible wealth:
- Human capital is an intangible asset that cannot be measured in terms of physical objects. It includes knowledge, skills, and abilities of people. Human capital formation is a process of accumulating this intangible wealth.
Therefore, option D is the correct answer.
Human capital formation refers to the process of increasing the knowledge, skills, and capacities of people. It is a process of investing in people through education, health, and other forms of training and development. Human capital formation has a positive impact on the economic growth of a country. The correct statements are:
1. Increasing the knowledge, skill levels and capacities of the people of the country:
- Human capital formation involves investing in education, training, and development of people. This results in an increase in their knowledge, skills, and capacities. When people have higher levels of education and skills, they are more productive and can contribute more to the economic growth of the country.
2. Accumulation of intangible wealth:
- Human capital is an intangible asset that cannot be measured in terms of physical objects. It includes knowledge, skills, and abilities of people. Human capital formation is a process of accumulating this intangible wealth.
Therefore, option D is the correct answer.
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Human capital formation as a concept is better explained in terms of a process which enables1. individuals of a country to accumulate more capital.2. increasing the knowledge, skill levels and capacities the people of the country.3. accumulation of tangible wealth.4. accumulation of intangible wealth.Which of the statements given above is/are correct?a)1 and 2b)2 onlyc)1, 3 and 4d)2 and 4Correct answer is option 'D'. Can you explain this answer?
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Human capital formation as a concept is better explained in terms of a process which enables1. individuals of a country to accumulate more capital.2. increasing the knowledge, skill levels and capacities the people of the country.3. accumulation of tangible wealth.4. accumulation of intangible wealth.Which of the statements given above is/are correct?a)1 and 2b)2 onlyc)1, 3 and 4d)2 and 4Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Human capital formation as a concept is better explained in terms of a process which enables1. individuals of a country to accumulate more capital.2. increasing the knowledge, skill levels and capacities the people of the country.3. accumulation of tangible wealth.4. accumulation of intangible wealth.Which of the statements given above is/are correct?a)1 and 2b)2 onlyc)1, 3 and 4d)2 and 4Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Human capital formation as a concept is better explained in terms of a process which enables1. individuals of a country to accumulate more capital.2. increasing the knowledge, skill levels and capacities the people of the country.3. accumulation of tangible wealth.4. accumulation of intangible wealth.Which of the statements given above is/are correct?a)1 and 2b)2 onlyc)1, 3 and 4d)2 and 4Correct answer is option 'D'. Can you explain this answer?.
Human capital formation as a concept is better explained in terms of a process which enables1. individuals of a country to accumulate more capital.2. increasing the knowledge, skill levels and capacities the people of the country.3. accumulation of tangible wealth.4. accumulation of intangible wealth.Which of the statements given above is/are correct?a)1 and 2b)2 onlyc)1, 3 and 4d)2 and 4Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Human capital formation as a concept is better explained in terms of a process which enables1. individuals of a country to accumulate more capital.2. increasing the knowledge, skill levels and capacities the people of the country.3. accumulation of tangible wealth.4. accumulation of intangible wealth.Which of the statements given above is/are correct?a)1 and 2b)2 onlyc)1, 3 and 4d)2 and 4Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Human capital formation as a concept is better explained in terms of a process which enables1. individuals of a country to accumulate more capital.2. increasing the knowledge, skill levels and capacities the people of the country.3. accumulation of tangible wealth.4. accumulation of intangible wealth.Which of the statements given above is/are correct?a)1 and 2b)2 onlyc)1, 3 and 4d)2 and 4Correct answer is option 'D'. Can you explain this answer?.
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