Match List - I with List - II.
List - I | List - II
(A) Human Capital | (I) Technical Progress
(B) Physical Capital | (II) Education and Health
(C) Human Capital formation | (III) Human well being
(D) Human Development | (IV) Growth enhancing
Choose the correct answer from the options given below :
Match List - I with List - II.
List - I | List - II
(A) Human Capital | (I) Technical Progress
(B) Physical Capital | (II) Education and Health
(C) Human Capital formation | (III) Human well being
(D) Human Development | (IV) Growth enhancing
Choose the correct answer from the options given below :
Solution
Human Capital refers to the stock of skills acquired through Education and Health (II). Physical Capital embodies Technical Progress (I). Human Capital Formation is Growth enhancing (IV) as it raises productivity. Human Development is a broader concept focused on Human well being (III). So the correct match is A-II, B-I, C-IV, D-III.
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