human capital formation

Question 1

capital and human capital definition

Answer 1

capital can be defined as the stock of physical capital ie reproducible or man made means of production which help in the production of other goods in the future
human capital formation can be defined as the process of improvement in the knowledge skills ability and physical capacity of the people

Question 1

capital and human capital definition

Answer 1

capital can be defined as the stock of physical capital ie reproducible or man made means of production which help in the production of other goods in the future
human capital formation can be defined as the process of improvement in the knowledge skills ability and physical capacity of the people

Question 2

role of human capital formation in economic development

3

Answer 2

helps in absorbing new techniques

modern techniques are complex and sophisticated and we need these to increase production and productivity
knowledgeable and skilled workers needed who will make better use of these techniques
they will understand the problems involved in these techniques
they can operate them easily
hence enhancing productivity+ econ growth

increase in labour efficiency

increase in efficiency of labour
skilled workers more efficient than unskilled workers
availability of adequate health facilities increases physical capacity and stamina of workers making them work longer and harder

adds to productive capacity

skilled labourers helpful in updating outdated techniques through their skill and experience
skilled labourers can modify and adapt imported techniques to fit the local requirements
they can help in developing own means of production

Question 3

role of human capital formation in economic development(+3)

Answer 3

instrument of economic changes
education helps people in changing attitude and values
people tend to acquire growth oriented attitude and aspirations
with education, traditional mindset replaced by modern mindset
attitude to work and save promotes econ growth
tend to be innovative as well

improves quality of life
increases life expectancy
literacy ration
level of per capital income
provides basic facilities

Question 4

education definition

Answer 4

the process of teaching , training, and learning , in colleges and schools to improve knowledge and develop skills

Question 5

types of education

Answer 5

1) formal
- systematic and organised education
- - imparted according to a set given curriculum
- works on a given set of laws and norms
- interaction between students and teachers present at an educational institution
- received from educational institutions like schools and colleges

2) non-formal
- organised and systematic educational activity
- conducted outside formal system
- form of teaching and education that is related to formal education to a limited extent
- provides selective type learning to selective students like children living in slums
- - flexible curriculum
- voluntary schools, evening schools
- can be by govt or NGOS

3) informal
- general term
- includes all forms of education that takes place outside the standard institutional setting
- usually gained through experience in school and surroundings

Question 6

how education contributes to economic development ??

Answer 6

useful in developing scientific outlook

• widens mental horizon
• raises level of understanding
• promotes rational and scientific outlook
• helps develop right attitude values and personality

helpful in raising efficiency
-by developing science and technology

acquiring skill

• provide basic skill
• enables to acquire skills and talent

increasing participation of people in economic development
more conscious of the responsibility towards society and its development

ensuring equity and social justice
-earn higher incomes and reduce income inequalities

improvement in quality of life

• health
• hygiene
• productivity

Question 7

literacy definition

Answer 7

a state of persons who can read and write a simple passage in any language with understanding

Question 8

elementary education definition

Answer 8

covers students from class 1 to class 8 in the age group of 6-14 years
it has 2 parts
1) primary school- classes 1-5, age group 6-10
2)upper primary/middle school -classes 6-8, age 11-14

Question 9

secondary education

Answer 9

prepares students in the age group 14-18 for entering higher education and labour markets
9-10- secondary
11-12- senior secondary

Question 10

higher education

Answer 10

poweful tool to build knowledge based 21st century society
general+technical edu
one of the largest

Question 11

SSA

Answer 11

Sarva shiksha abhigab

for elementary edu in indua

Question 12

Npegel

Answer 12

national programme for education of girls at elementary oevel

model schools for girls