Human capital formation Flashcards
What is capital?
The stick of physical capital that is the reproducible ad made goods which in the production of other goods. ex, machinery, factories
What is human capital formation?
It is the process of improvement of knowledge, skill, ability and physical capacity of the people. Generally confined to expenditure on health and education.
How does human capital improve the economy? (learn explanations )
- Adds to productivity capacity.
- helps in developing new techniques
- increases labor efficiency
- economic growth
- increases life quality
What is formal education?
Formal education is a systematic and organized education imparted through a given curriculum and a set of rules and norms. Ex, any educational institute, college, university, schools.
What is non formal education?
Organized and systematic education that is conducted outside from formal education. This type of education provides for a special specific type of clientele like children in slums, migrant works. A flexible curriculum that is made in accordance with the children. Ex, voluntary schools, night school.
what is informal education?
Any education that takes place outside the school setting. Everyday interactions, watching tv, etc
What is literacy? Named some institutes that work towards improving it.
the state of being able to read and write a small passage in any language is known as literacy. The national literacy mission 1998, the saakshar Bharat 2009
What is elementary education? What is RTE?
Education given to children from 6 to 14 years. There is primary education and middle school education. The right for children to a free and compulsory education RTE, 2009 provides free education for children of 6 to 14
Name some programs launched under elementary education
sarva Shiksha Abhiyan, KGBV, national program for education of girls at elementary level, Beti bachao, beti padoa
