The Evolution of Mankind and the Power of Knowledge

Human capacity to store and transmit knowledge through conversation, songs, and lectures.

Educated individuals have more labor skills, which allows them to generate more income.

Better social standing, pride, ability to make better life choices, understanding society's changes, and stimulating innovations.

<p>Educated individuals can easily adapt to and utilize new technologies.</p> Signup and view all the answers

<p>Education confers higher earning capacity and provides various other valued benefits.</p> Signup and view all the answers

<p>Investments in health, on-the-job training, migration, and information are other sources of human capital formation.</p> Signup and view all the answers

<p>Individuals invest in education with the objective of increasing their future income.</p> Signup and view all the answers

<p>Health is important for both individual and national development as it affects productivity and overall well-being.</p> Signup and view all the answers

<p>A sick labourer without access to medical facilities is compelled to abstain from work, resulting in loss of productivity.</p> Signup and view all the answers

<p>Expenditure on health is important for human capital formation as it contributes to a healthy and productive workforce.</p> Signup and view all the answers