Check sibling questions

What is Economic Growth?

Economic Growth means increase in National income of Country

 

 

Who contributes more to Economic Growth - A skilled person or an illiterate person?

A skilled person contributes more Economic Growth

It is because he earns higher income as compared to illiterate person

Why Investment in Education lead to Economic Growth - Teachoo.JPG

 

Who contributes more to Economic Growth - A Healthy Person or Sick Person?

A healthy person contributes more to economic growth

It is because he has higher productivity and able to work longer as compared to a sick person

 

Why Investment in Health lead to Economic Growth 2 - Teachoo.JPG

 

How does Increase in Human Capital Contribute to Economic Growth?

Human Capital is increased by providing

Education to children

Skill Development to Workforce

Improvement in Health Facilities

Providing Information for Research and Development Facilities

 

All these lead to Increase in Economic Growth in following manner:

A skilled person contributes more Economic Growth as compared to illiterate person

A healthy person contribures more to economic growth than an unhealthy person

Skill Development of a person helps them to adapt to new technologies

Education provides knowledge to understand changes in societies.

It also leads to new inventions and innovations which causes Economic Growth

Adequate education and training to farmers can also increase productivity in farms

How increase in Human Capital formation lead to Economic Growth - Teachoo.JPG

NCERT Questions

Q11

How does investment in human capital contribute to growth?

Q16

Trace the relationship between human capital and economic growth.

View Answer

 

 

MCQ Other Books

Q1

In the following questions, select the correct answers:

1 How does increased human capital contribute to economic growth?

A A skilled person contribures more Economic Growth as compared to illiterate person

B Skill Development of a person helps them to adapt to new technologies

C It increased the total population which leads to increased economic growth

D None of the above

View Answer

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Transcript

Why Investment in Education lead to Economic Growth Who Contributes More to Economic Growth? Literate Person Illiterate Person He earns more Income So, contributes more to Economic Growth He earns less Income So, contributes Less to Economic Growth Investment in Education Makes a person more skilled & Employable, so he earns More Income and contributes to Economic Growth Why Investment in Health lead to Economic Growth Who Contributes More to Economic Growth? Healthy Person Sick person He is fit and has higher productivity in job So, contributes more to Economic Growth He is sick and weak and has lower productivity Doesn’t contribute much To economic Growth Investment in Health Makes a person more Productive and he contributes More to economic growth How Increase in Human Capital Formation lead to Economic Growth? How Increase in Human Capital Formation lead to Economic Growth? Investment in Education Investment in Education makes Person more skilled (A skilled person contributes more to Economic Growth) Investment in Health Investment in Health Makes Person Healthier and more Productive (A healthy person has higher productivity, So, contributes more) Education to Farmers Education to Farmers About new farming methods (Increase Productivity in Farms) Investment in Higher Education Investment in Higher Education Promotes Research and Development (Leads to New Inventions and Innovative Products)

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