Human Capital Formation in India

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What is the main focus of the chapter on Human Capital Formation in India?

The concepts of Human Resource, Human Capital Formation, and Human Development

According to Alfred Marshall, why is investing in education profitable?

It provides greater opportunities for individuals to bring out their latent abilities

What does the text suggest about the relationship between investment in human capital and economic growth?

There is a positive correlation between investment in human capital and economic growth

What is the significance of government spending on education and health according to the text?

It is essential for the overall development of the country

What factor does the text propose as making a great difference in the evolution of mankind?

Man's capacity to store and transmit knowledge

Test your knowledge on human capital formation in India with this quiz. Explore concepts such as human resource, human development, and the correlation between investment in human capital and economic growth. Evaluate the significance of government spending on education and health and gain insights into India's educational attainment.

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