12th Class Economics Human Capital Formation In India Question Bank Case Based MCQs - Human Capital Formation in India

  • question_answer
    Human Development is a broader term and encompasses human capital. The given statement is

    A) True

    B) False

    C) Partially true 

    D) Partially false

    Correct Answer: A

    Solution :

    Human capital considers education and health as a means to increase labour productivity whereas Human development is based on the idea that education and health are integral to human well-being because only when people have the ability to read and write and the ability to lead a long and healthy life, they will be able to make other choices which they value.


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