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Which of the following statements is related to the 'Human Capital Theory'?
- a)It is useful for describing behaviour when two parties have access to different information
- b)It is the aggregate stock of competencies, knowledge, social and personal attributes
- c)It is education that raises wages simple because education level is a signal of workers ability
- d)It holds a prominent position in a variety of management literatures
Correct answer is option 'B'. Can you explain this answer?
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Which of the following statements is related to the Human Capital Theo...
The human capital theory was initially developed in the United States and Europe in the 1950s. Later, this theory was applied to undeveloped countries. Human Capital refers to the productive capacities of Human beings as income producing agents in the economy and may be defined as the ‘stock of skills and productive knowledge embodied in people.
- Human capital is aggregate 'the knowledge, skills, competencies, and attributes in individuals that facilitate the creation of personal, social, and economic well-being' with the social.
- Human capital formation rests on the proposition that people enhance their capabilities as producers and consumers by investing in themselves through schooling, health, on the job training, searching for information about job opportunities, and investing in migration
- The advocates of this theory though that it is not only the physical capital stock, i.e., labor, which is important but also human capital stock, such as education, which is critical to the growth and development of a nation.
- They argued that when people become more and more educated, they become more productive. There is a close relationship between the number of years of schooling and the income level of a person. In other words, increasing the level of schooling would lead to higher earning.
Note:
- The human capital theory is not describing any kind of behavior of parties.
- According to signaling theory holds a prominent position in a variety of management, entrepreneurship, and human resource management.
Hence, we can conclude that 'Human Capital Theory' is the aggregate stock of competencies, knowledge, social, and personal attributes.
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Which of the following statements is related to the Human Capital Theo...
The human capital theory was initially developed in the United States and Europe in the 1950s. Later, this theory was applied to undeveloped countries. Human Capital refers to the productive capacities of Human beings as income producing agents in the economy and may be defined as the ‘stock of skills and productive knowledge embodied in people.
- Human capital is aggregate 'the knowledge, skills, competencies, and attributes in individuals that facilitate the creation of personal, social, and economic well-being' with the social.
- Human capital formation rests on the proposition that people enhance their capabilities as producers and consumers by investing in themselves through schooling, health, on the job training, searching for information about job opportunities, and investing in migration
- The advocates of this theory though that it is not only the physical capital stock, i.e., labor, which is important but also human capital stock, such as education, which is critical to the growth and development of a nation.
- They argued that when people become more and more educated, they become more productive. There is a close relationship between the number of years of schooling and the income level of a person. In other words, increasing the level of schooling would lead to higher earning.
Note:
- The human capital theory is not describing any kind of behavior of parties.
- According to signaling theory holds a prominent position in a variety of management, entrepreneurship, and human resource management.
Hence, we can conclude that 'Human Capital Theory' is the aggregate stock of competencies, knowledge, social, and personal attributes.
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Which of the following statements is related to the Human Capital Theory?a)It is useful for describing behaviour when two parties have access to different informationb)It is the aggregate stock of competencies, knowledge, social and personal attributesc)It is education that raises wages simple because education level is a signal of workers abilityd)It holds a prominent position in a variety of management literaturesCorrect answer is option 'B'. Can you explain this answer?
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Which of the following statements is related to the Human Capital Theory?a)It is useful for describing behaviour when two parties have access to different informationb)It is the aggregate stock of competencies, knowledge, social and personal attributesc)It is education that raises wages simple because education level is a signal of workers abilityd)It holds a prominent position in a variety of management literaturesCorrect answer is option 'B'. Can you explain this answer? for UGC NET 2024 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Which of the following statements is related to the Human Capital Theory?a)It is useful for describing behaviour when two parties have access to different informationb)It is the aggregate stock of competencies, knowledge, social and personal attributesc)It is education that raises wages simple because education level is a signal of workers abilityd)It holds a prominent position in a variety of management literaturesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UGC NET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is related to the Human Capital Theory?a)It is useful for describing behaviour when two parties have access to different informationb)It is the aggregate stock of competencies, knowledge, social and personal attributesc)It is education that raises wages simple because education level is a signal of workers abilityd)It holds a prominent position in a variety of management literaturesCorrect answer is option 'B'. Can you explain this answer?.
Which of the following statements is related to the Human Capital Theory?a)It is useful for describing behaviour when two parties have access to different informationb)It is the aggregate stock of competencies, knowledge, social and personal attributesc)It is education that raises wages simple because education level is a signal of workers abilityd)It holds a prominent position in a variety of management literaturesCorrect answer is option 'B'. Can you explain this answer? for UGC NET 2024 is part of UGC NET preparation. The Question and answers have been prepared according to the UGC NET exam syllabus. Information about Which of the following statements is related to the Human Capital Theory?a)It is useful for describing behaviour when two parties have access to different informationb)It is the aggregate stock of competencies, knowledge, social and personal attributesc)It is education that raises wages simple because education level is a signal of workers abilityd)It holds a prominent position in a variety of management literaturesCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UGC NET 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is related to the Human Capital Theory?a)It is useful for describing behaviour when two parties have access to different informationb)It is the aggregate stock of competencies, knowledge, social and personal attributesc)It is education that raises wages simple because education level is a signal of workers abilityd)It holds a prominent position in a variety of management literaturesCorrect answer is option 'B'. Can you explain this answer?.
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