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Human capital can be increased by incurring expenditure on
- a)Increase in GDP
- b)Improvement of health
- c)Improvement in technology
- d)All of these
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Human capital can be increased by incurring expenditure ona)Increase i...
Human capital include human beings. And healthy human can work properly. So Improved of health is only concept in all these that is realeted with human capital.
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Human capital can be increased by incurring expenditure ona)Increase i...
Understanding Human Capital
Human capital refers to the skills, knowledge, and experience that individuals possess, which contribute to their productivity and economic value. Increasing human capital is essential for personal and economic growth.
Expenditure on Improvement of Health
Investing in health is a crucial aspect of enhancing human capital because:
Why Other Options Are Less Relevant
While options A (Increase in GDP) and C (Improvement in technology) are important for economic growth, they do not directly increase human capital through expenditure.
Conclusion
In summary, option B is correct because expenditure on health directly contributes to the enhancement of human capital. Healthy individuals lead to a more efficient and productive workforce, benefiting both the economy and society as a whole. Investing in health is therefore a foundational element in building human capital.
Human capital refers to the skills, knowledge, and experience that individuals possess, which contribute to their productivity and economic value. Increasing human capital is essential for personal and economic growth.
Expenditure on Improvement of Health
Investing in health is a crucial aspect of enhancing human capital because:
- Enhanced Productivity: Healthy individuals are more productive, leading to better performance in their jobs.
- Reduced Absenteeism: Improved health reduces the number of sick days taken by employees, ensuring consistent productivity.
- Longer Life Expectancy: Better health increases life expectancy, allowing individuals to contribute to the economy for a longer duration.
Why Other Options Are Less Relevant
While options A (Increase in GDP) and C (Improvement in technology) are important for economic growth, they do not directly increase human capital through expenditure.
- Increase in GDP: This measures economic output but does not necessarily translate to the skills or health of the workforce.
- Improvement in Technology: While technology enhances productivity, it requires a skilled workforce to utilize effectively. This skill development is contingent upon health and education.
Conclusion
In summary, option B is correct because expenditure on health directly contributes to the enhancement of human capital. Healthy individuals lead to a more efficient and productive workforce, benefiting both the economy and society as a whole. Investing in health is therefore a foundational element in building human capital.
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Human capital can be increased by incurring expenditure ona)Increase in GDPb)Improvement of healthc)Improvement in technologyd)All of theseCorrect answer is option 'B'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Human capital can be increased by incurring expenditure ona)Increase in GDPb)Improvement of healthc)Improvement in technologyd)All of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Human capital can be increased by incurring expenditure ona)Increase in GDPb)Improvement of healthc)Improvement in technologyd)All of theseCorrect answer is option 'B'. Can you explain this answer?.
Human capital can be increased by incurring expenditure ona)Increase in GDPb)Improvement of healthc)Improvement in technologyd)All of theseCorrect answer is option 'B'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Human capital can be increased by incurring expenditure ona)Increase in GDPb)Improvement of healthc)Improvement in technologyd)All of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Human capital can be increased by incurring expenditure ona)Increase in GDPb)Improvement of healthc)Improvement in technologyd)All of theseCorrect answer is option 'B'. Can you explain this answer?.
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