Bring out the differences between human capital and human development.
Difference between Human Capital and Human Development
Human Capital
1. Human capital considers education and health as a means to increase labour productivity.
2. Human capital is a narrow concept which treats human beings as a means to achieve an end which is higher productivity, failing which the investment is not considered to be productive.
Human Development
1. Human development is based on the idea that education and health are integral to human well-being since only when people have the ability to read and apply their knowledge to derive maximum benefit they will be able to lead a long and healthy life.
2. Human development is a broader concept which considers human beings as ends in themselves. Human welfare can be achieved through investments in education and health. It considers welfare — a right of every individual irrespective of their contribution to labour productivity. Every individual has right to be literate and lead a healthy life.
Establish the need for acquiring information relating to health and education expenditure for the effective utilisation of human resources.
In your view, is it essential for the government to regulate the fee structure in education and health care institutions? If so, why?
Argue in favour of the need for different forms of government intervention in education and health sectors.
Explain how investment in education stimulates economic growth. (or)
Explain the role of education in the development of a country.
Mention two government organisations each that regulate the health and education sectors.
‘There is a downward trend in inequality world-wide with a rise in the average education levels.Comment.
Education is considered an important input for the development of a nation. How?
or
Examine the role of education in the economic development of a nation.
Discuss the following'as a sources of human capital formation
(a) Health infrastructure
(b) Expenditure on migration.