Choose the correctly matched pair.a)Investment in human capital - No r...
- Option A: Investment in human capital - No return on investment
- This statement is incorrect. Investment in human capital (through education, training, medical care) yields a return just like investment in physical capital. This return can be seen in the form of higher incomes earned due to higher productivity of the more educated or better-trained individuals, as well as the higher productivity of healthier people.
- Option B: India's Green Revolution - Increased productivity of land resources
- This statement is correct. India's Green Revolution is a dramatic example of how the input of greater knowledge in the form of improved production technologies can rapidly increase the productivity of scarce land resources.
- Option C: Human capital formation - Physical capital formation
- This statement is partially correct but misleading. Human capital formation refers to the process of increasing the productive capacities of people through education and health improvements, while physical capital formation refers to the accumulation of physical assets like machinery and buildings. While both are forms of capital formation, they are not the same.
- Option D: Human resource - Non-productive skills
- This statement is incorrect. Human resources refer to the working people in terms of their existing productive skills and abilities, emphasizing their ability to contribute to the creation of the Gross National Product. It is the positive side of a large population, often overlooked when considering only the problems of providing food, education, and health facilities.
- Based on the analysis, the correctly matched pair is: Option B: India's Green Revolution - Increased productivity of land resources
Choose the correctly matched pair.a)Investment in human capital - No r...
India's Green Revolution - Increased productivity of land resources
India's Green Revolution was a period of increased agricultural productivity in India during the 1960s and 1970s. This revolution was characterized by the introduction of high-yielding varieties of seeds, modern irrigation techniques, and improved agricultural practices. Here's why this pair is correctly matched:
Increased productivity of land resources:
- The Green Revolution led to a significant increase in the yield of crops such as wheat and rice, which helped in meeting the food demands of the growing population.
- By adopting new technologies and practices, farmers were able to produce more food on the same amount of land, thus increasing the productivity of land resources.
- The Green Revolution played a crucial role in making India self-sufficient in food production and reducing the country's dependence on food imports.
In contrast, the other options do not represent correct matches:
- Investment in human capital typically yields returns in the form of increased productivity, higher wages, and improved quality of life for individuals and society.
- Human capital formation focuses on the development of skills, knowledge, and abilities in individuals, which is distinct from physical capital formation involving the creation of tangible assets like machinery and infrastructure.
- Human resources refer to individuals' productive skills and capabilities that contribute to economic activity, which is different from non-productive skills that do not directly enhance productivity or output.
Therefore, the correctly matched pair in this context is India's Green Revolution and the increased productivity of land resources.
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