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Which of the following statements is not a merit of human capital formation?
  • a)
    Human capital formation plays an important role in improving technical knowledge
  • b)
    Human capital formation helps to expand the size of businesses
  • c)
    Human capital formation is important for the purpose of changing social outlooks
  • d)
    Human capital formation leads to an increase in the overall cost of production
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the following statements is not a merit of human capital form...
Explanation:

Human capital formation is important for the purpose of changing social outlooks
- Human capital formation involves investing in education, training, and skill development of individuals.
- By improving the knowledge and skills of individuals, human capital formation can lead to a change in social outlooks.
- This can result in a more informed and progressive society that values education and innovation.

Human capital formation helps to expand the size of businesses
- When individuals are equipped with the necessary skills and knowledge, they can contribute effectively to the growth of businesses.
- This expansion can lead to increased productivity, profitability, and overall economic development.

Human capital formation plays an important role in improving technical knowledge
- Investing in human capital development can lead to advancements in technical knowledge and expertise.
- This can result in innovation, technological progress, and competitiveness in various industries.

Human capital formation leads to an increase in the overall cost of production
- This statement is not a merit of human capital formation as it highlights a potential drawback.
- While investing in human capital can lead to higher wages and training costs, the benefits such as increased productivity and innovation often outweigh the initial costs.
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Community Answer
Which of the following statements is not a merit of human capital form...
Answer: d
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Which of the following statements is not a merit of human capital formation?a)Human capital formation plays an important role in improving technical knowledgeb)Human capital formation helps to expand the size of businessesc)Human capital formation is important for the purpose of changing social outlooksd)Human capital formation leads to an increase in the overall cost of productionCorrect answer is option 'D'. Can you explain this answer?
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Which of the following statements is not a merit of human capital formation?a)Human capital formation plays an important role in improving technical knowledgeb)Human capital formation helps to expand the size of businessesc)Human capital formation is important for the purpose of changing social outlooksd)Human capital formation leads to an increase in the overall cost of productionCorrect answer is option 'D'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Which of the following statements is not a merit of human capital formation?a)Human capital formation plays an important role in improving technical knowledgeb)Human capital formation helps to expand the size of businessesc)Human capital formation is important for the purpose of changing social outlooksd)Human capital formation leads to an increase in the overall cost of productionCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is not a merit of human capital formation?a)Human capital formation plays an important role in improving technical knowledgeb)Human capital formation helps to expand the size of businessesc)Human capital formation is important for the purpose of changing social outlooksd)Human capital formation leads to an increase in the overall cost of productionCorrect answer is option 'D'. Can you explain this answer?.
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