Indian Economic Development: Human Capital Formation in India · Class 12 · CBSE · Commerce Economics
Explain how education and healthcare contribute to human capital formation in India.
Practice question from Indian Economic Development: Human Capital Formation in India (Class 12 · CBSE · Commerce Economics), with the correct answer and a step-by-step solution.
medium · Subjective · Q-1B5BA7
Explain how education and healthcare contribute to human capital formation in India.
Solution
Education raises the quality and productivity of labour by developing knowledge and skills. Healthcare enables people to remain physically and mentally fit, participate regularly in economic activities and work more efficiently. Together, they are major sources of human capital formation and economic growth.
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