9th Class Social Science People as Resource Question Bank Long Answer Type - People as Resource

  • question_answer
     What is the role of education in human capital formation?

    Answer:

    (i) Illiteracy and an unhealthy population is a liability for the economy. (ii) Education in the later years helps reap a better job and salary. (iii) It opens new horizons, helps develop new aspirations and also values of life. (iv) Education also contributes towards the growth of society. It enhances the national income, cultural richness and brings efficiency in governance. (v) There is a tremendous increase in number of colleges, universities, enrolment of students and recruitment of teachers since 1951 to 1999.


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