11th Class Economics Human Capital Formation In India

  • question_answer 4)
    Bring out the differences between human capital and human development.

    Answer:

    The two terms human capital and human development may sound similar but there is a clear distinction between them as discussed in the table below  
    S.N.  Human Capital           Human Development
    (i) Human capital treats education and health as a means to increase capital.  Human development consider as integral to human well being
    (ii) Human capital treats humans as a mean to end. Human development treats, human as a end to them self.
     


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