Question:
Explain how investment in education stimulates economic growth. (or)
Explain the role of education in the development of a country.
Answer:
Education is an important source of human capital formation. Investment in education stimulates economic development in the following ways:
- Raises production. Knowledgeable and skilled workers can make better use of resources at their disposal. It will increase production in the economy. An educated and trained person can apply his knowledge and skill at farm, factory and office to increase production.
- Raises efficiency and productivity. Investment in education increases efficiency and productivity, and hence yields higher income to the people.
- Brings positive changes in outlook and attitudes. Knowledgeable and skilled people have modem outlook and attitudes, that they make rational choice in respect of places and jobs.
- Improves quality of life. Education improves quality of life as it provides better job, high income and improves health. It results in better standard of living.
Human Capital Formation in India
Q 1.
How does investment in human capital contribute to growth?
Q 2.
How is human development a broader term as compared to human capital?
Q 3.
What are the main problems of human capital formation in India?
Q 4.
Bring out the differences between human capital and human development.
Q 5.
Discuss the need for promoting women’s education in India.
Q 6.
Establish the need for acquiring information relating to health and education expenditure for the effective utilisation of human resources.
Q 7.
Explain how investment in education stimulates economic growth. (or)
Explain the role of education in the development of a country.
Q 8.
How is human development a broader term as compared to human capital?
Q 9.
What are the indicators of educational achievement in a country?
Q 10.
Why do we observe regional differences in educational attainment in India?
Q 11.
What factors contribute to human capital formation?
Q 12.
Bring out the need forjm-the-j ob-training for a person.
Q 13.
‘There is a downward trend in inequality world-wide with a rise in the average education levels.Comment.
Q 14.
In your view, is it essential for the government to regulate the fee structure in education and health care institutions? If so, why?
Q 15.
Argue in favour of the need for different forms of government intervention in education and health sectors.
Q 16.
Bring out the differences between human capital and human development.
Q 17.
Mention two government organisations each that regulate the health and education sectors.
Q 18.
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.
Q 19.
What are the two major sources of human capital in a country?
Q 20.
Discuss the following'as a sources of human capital formation
(a) Health infrastructure
(b) Expenditure on migration.
Q 21.
Trace the relationship between human capital and economic growth.
