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Indian Economic Development Class 12 Sandeep Garg Solutions Human Capital Formation Subject Indian Economic Development Class Class 12 Textbook Sandeep Garg Chapter Human Capital Formation Category Indian Economic Development Class 12 Sandeep Garg Solutions Short Questions Briefly discuss the meaning of human capital How does expenditure on information act as a source of human capital … Read more

Question Distinguish between human capital and human development. Chapter Human Capital Formation Class  Class 12 Subject Economics (Indian Economic Development) Category Indian Economic Development Class 12 Sandeep Garg Solutions Question – Distinguish between human capital and human development. Answer – Human capital Human development It is a narrow concept which treats human being as a … Read more

Chapter Human Capital Formation Class  Class 12 Subject Economics (Indian Economic Development) Category Indian Economic Development Class 12 Sandeep Garg Solutions Question – Why it is difficult to prove cause and effect relation between human capital and economic growth? Answer – It is difficult to prove cause and effect relation between human capital and economic … Read more

Chapter Human Capital Formation Class  Class 12 Subject Economics (Indian Economic Development) Category Indian Economic Development Class 12 Sandeep Garg Solutions Question – How does expenditure on “On-the-Job-Training” and “Information” act as a source of human capital formation? Answer – Expenditure on On- the- job training Enable workers to absorb new technology and ideas. Help … Read more

Question Briefly discuss the various problems of human capital formation. Chapter Human Capital Formation Class  Class 12 Subject Economics (Indian Economic Development) Category Indian Economic Development Class 12 Sandeep Garg Solutions Question – Briefly discuss the various problems of human capital formation. Answer – Problems faced by human capital formation Rising population- Rising population decreases … Read more

Question Discuss the educational achievements in India. Chapter Human Capital Formation Class  Class 12 Subject Economics (Indian Economic Development) Category Indian Economic Development Class 12 Sandeep Garg Solutions Question – Discuss the educational achievements in India. Answer – Educational achievements in India (1) Elementary education- Elementary education covers students from 1st to 5th class in … Read more

Chapter Human Capital Formation Class  Class 12 Subject Economics (Indian Economic Development) Category Indian Economic Development Class 12 Sandeep Garg Solutions Question – How does the following act as a source of human capital formation: (i) Expenditure on Health (ii) Expenditure on Education Answer – (i) Expenditure on Health: – Health is a state of … Read more

Question Distinguish between physical capital and human capital. Chapter Human Capital Formation Class  Class 12 Subject Economics (Indian Economic Development) Category Indian Economic Development Class 12 Sandeep Garg Solutions Question – Distinguish between physical capital and human capital. Answer – Physical Capital Human capital It refers to man-made means of production or all those inputs … Read more

Question Discuss the need for on-the-job training for a employee. Chapter Human Capital Formation Class  Class 12 Subject Economics (Indian Economic Development) Category Indian Economic Development Class 12 Sandeep Garg Solutions Question – Discuss the need for on-the-job training for a employee. Answer – Many firms spend on giving on job training to their workers … Read more

Question Explain how does investment in human capital contribute to growth of an economy. Chapter Human Capital Formation Class  Class 12 Subject Economics (Indian Economic Development) Category Indian Economic Development Class 12 Sandeep Garg Solutions Question – Explain how does investment in human capital contribute to growth of an economy. Answer –  Economic growth can … Read more