Cheat sheet · Class 12 · CBSE · Commerce Economics
Indian Economic Development: Human Capital Formation in India cheat sheet
The whole chapter on one page: key formulas, facts and the points to remember, for quick revision before a test.
CBSE Class 12 · Economics
Cheat sheet
Chapter 10Human Capital Formation in India
Education + health + training + migration + information = human capital.
1. Sources
- education
- health
- on-the-job training
- migration
- information
2. Human Capital vs Human Development
Human capital
people as a means to productivity.
Human development
education and health as ends in themselves.
3. India's Education
- Right to Education Act (2009).
- Expenditure on education as a % of GDP still below targets.
- Institutions: NCERT, UGC, AICTE, ICMR.
4. Key Points
- Physical vs human capital.
- Brain drain is a problem.
- Health spending improves productivity.
- Gender gaps in literacy are narrowing.
Remember: 5 sources | capital vs development | RTE
Indian Economic Development: Human Capital Formation in India: questions and notes
More Class 12 · CBSE · Commerce Economics cheat sheets
- Macroeconomics: Introduction
- Macroeconomics: National Income Accounting
- Macroeconomics: Money and Banking
- Macroeconomics: Determination of Income and Employment
- Macroeconomics: Government Budget and the Economy
- Macroeconomics: Open Economy Macroeconomics
- Indian Economic Development: Indian Economy on the Eve of Independence
- Indian Economic Development: Indian Economy 1950–1990
- Indian Economic Development: Liberalisation, Privatisation and Globalisation – An Appraisal
- Indian Economic Development: Human Capital Formation in India
- Indian Economic Development: Rural Development
- Indian Economic Development: Employment – Growth, Informalisation and Other Issues
- Indian Economic Development: Environment and Sustainable Development
- Indian Economic Development: Comparative Development Experiences of India and its Neighbours
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