Assertion (A): Human capital plays a significant role in economic deve...
- Explanation - The assertion that human capital is crucial for economic development is true as skilled and educated individuals contribute significantly to a nation's growth.
The reason that investment in education and training boosts productivity is also accurate.
However, while the reason supports the assertion, it does not fully explain the causal relationship between human capital and economic development, making Option B the correct choice.
Option B is correct because both statements are true, but the reason is not a direct explanation of the assertion.
Assertion (A): Human capital plays a significant role in economic deve...
Understanding the Assertion and Reason
The statement presents an important relationship between human capital and economic development. Let's break it down.
Assertion (A): Human capital plays a significant role in economic development.
- Human capital refers to the skills, knowledge, and experience possessed by individuals.
- It is a critical factor in enhancing productivity and innovation in the workforce.
- Economies with higher levels of human capital tend to experience faster growth and development.
Reason (R): Investment in education and training enhances the productivity of individuals.
- Education and training equip individuals with necessary skills and knowledge.
- Enhanced skills lead to increased efficiency and productivity in the workplace.
- This, in turn, contributes to overall economic growth.
Why Option B is Correct
- Both Assertion and Reason are true statements.
- The Assertion highlights the importance of human capital in economic development.
- The Reason explains how investment in education and training contributes to this importance.
However, they are interconnected but not in a one-to-one explanatory manner.
Key Points to Note:
- The Assertion does not solely depend on the Reason for its truthfulness.
- Economic development can also be influenced by factors such as technology, infrastructure, and policies, which are not addressed in the Reason.
- Therefore, while the Reason supports the Assertion, it is not the only explanation for the significance of human capital in economic development.
In conclusion, both statements are true, but the Reason does not fully encapsulate the breadth of factors contributing to the Assertion, making option B the correct choice.
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