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Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:
Assertion (A): Human Capital Formation gives birth to innovation, invention and technological improvements.
Reason (R): Investment in education creates the ability to adopt newer technologies, facilitates invention and innovation since the educated workforce generally adapts to modern technologies and innovation.
  • a)
    Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).
  • b)
    Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).
  • c)
    Assertion (A) is true but reason (R) is false.
  • d)
    Assertion (A) is false but reason (R) is true.
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Directions: In the following questions, a statement of assertion (A) ...
Human Capital Formation and Innovation

Assertion (A): Human Capital Formation gives birth to innovation, invention and technological improvements.

Reason (R): Investment in education creates the ability to adopt newer technologies, facilitates invention and innovation since the educated workforce generally adapts to modern technologies and innovation.

Correct Answer: Option A - Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).

Explanation:
Human capital formation refers to the process of investing in education, training, and healthcare to enhance the knowledge, skills, and productivity of the workforce. It is the human capital that drives economic growth and development.

The assertion (A) that human capital formation gives birth to innovation, invention, and technological improvements is true. Education and training provide the knowledge and skills necessary for individuals to come up with new ideas, invent new products and services, and improve existing technologies.

The reason (R) that investment in education creates the ability to adopt newer technologies, facilitates invention and innovation since the educated workforce generally adapts to modern technologies and innovation is also true. Educated individuals are more likely to adopt new technologies and innovative practices and apply them to their work. They are also more likely to come up with new ideas and innovations that lead to technological improvements.

Therefore, both assertion (A) and reason (R) are true, and reason (R) is the correct explanation of assertion (A). Investing in human capital through education and training is essential for innovation, invention, and technological improvements, which are crucial for economic growth and development.
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Directions: In the following questions, a statement of assertion (A) ...
Human Capital Formation not only increases the productivity of available human resources but also stimulates innovation and creates the ability to adopt new technologies.
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Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): Human Capital Formation gives birth to innovation, invention and technological improvements.Reason (R): Investment in education creates the ability to adopt newer technologies, facilitates invention and innovation since the educated workforce generally adapts to modern technologies and innovation.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. Can you explain this answer?
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Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): Human Capital Formation gives birth to innovation, invention and technological improvements.Reason (R): Investment in education creates the ability to adopt newer technologies, facilitates invention and innovation since the educated workforce generally adapts to modern technologies and innovation.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): Human Capital Formation gives birth to innovation, invention and technological improvements.Reason (R): Investment in education creates the ability to adopt newer technologies, facilitates invention and innovation since the educated workforce generally adapts to modern technologies and innovation.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions: In the following questions, a statement of assertion (A) is followed by a statement of reason (R). Mark the correct choice as:Assertion (A): Human Capital Formation gives birth to innovation, invention and technological improvements.Reason (R): Investment in education creates the ability to adopt newer technologies, facilitates invention and innovation since the educated workforce generally adapts to modern technologies and innovation.a)Both assertion (A) and reason (R) are true and reason (R) is the correct explanation of assertion (A).b)Both assertion (A) and reason (R) are true but reason (R) is not the correct explanation of assertion (A).c)Assertion (A) is true but reason (R) is false.d)Assertion (A) is false but reason (R) is true.Correct answer is option 'A'. Can you explain this answer?.
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