Commerce Aspirant

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

Question How does Expenditure on Migration act as a source 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 – How does “Expenditure on Migration” act as a source of human capital formation? Answer – People migrate from … 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 human capital create both private and social benefits? Answer – The two main sources of human capital formation are investment in education investment in health. By investing in both we … Read more

Question Why government expenditure on tertiary education is important? Chapter Human Capital Formation Class  Class 12 Subject Economics (Indian Economic Development) Category Indian Economic Development Class 12 Sandeep Garg Solutions Question – Why government expenditure on tertiary education is important? Answer – Government is not spending adequate amount on tertiary sector education.However, ‘expenditure per student’ … Read more

Question What is meant by human capital formation? State its various sources. Chapter Human Capital Formation Class  Class 12 Subject Economics (Indian Economic Development) Category Indian Economic Development Class 12 Sandeep Garg Solutions Question – What is meant by human capital formation? State its various sources. Answer – Human capital formation is a process of … Read more

Question How does education contribute to economic growth? Chapter Human Capital Formation Class  Class 12 Subject Economics (Indian Economic Development) Category Indian Economic Development Class 12 Sandeep Garg Solutions Question – How does education contribute to economic growth? Answer – Investment in education is considered the main source of human capital formation. Education is the … Read more

Chapter Human Capital Formation Class  Class 12 Subject Economics (Indian Economic Development) Category Indian Economic Development Class 12 Sandeep Garg Solutions Question – “Higher productivity and production is the result of investment in human resources.” Do you agree with this statement? Answer – Human capital formation raises the production and productivity in the economy. As … Read more

Question Discuss the concept of physical capital. Chapter Human Capital Formation Class  Class 12 Subject Economics (Indian Economic Development) Category Indian Economic Development Class 12 Sandeep Garg Solutions Question – Discuss the concept of physical capital. Answer – Physical capital refers to man-made means of production or all those inputs which are required for the … Read more