Welcome to the NCERT Solutions for Class 11 Economics - Indian Economic Development - Chapter Human Capital Formation in India. This page offers a step-by-step solution to the specific question from Exercise 1, Question 20: . With detailed answers and explanations for each chapter, students can strengthen their understanding and prepare confidently for exams. Ideal for CBSE and other board students, this resource will simplify your study experience.
In your view, is it essential for the government to regulate the fee structure in education and health care institutions? If so, why?
Education and health sectors are the two key sectors responsible for the formation of good quality human capital. The development of these two sectors are emphasised by almost all the less developed countries. In India, expenditures on both education and health sectors are carried out by all the three tiers of the government and also by private institutions. While, private institutions are guided by market and profit motive, the public institutions are guided by the main motive of rendering services and to enhance human capital. As the cost of education and health facilities provided by the private institutions is higher, so it is difficult for the majority of the population to avail these services because of their economic inability.
Thus, it is very important for the government to provide quality education and health facilities to this section of the population. Further, as the Indian constitution counts right to free education and medical facilities as the fundamental right of citizens, so it is the responsibility of the government to provide education and health services to all. Moreover, the private institutions are unable to reach the remote and rural areas where people lack initiative for education and health. In this context, the role of government is to encourage them and to make them aware of the advantages of education and health. Also, there are some underprivileged sections of population like ST, SC, OBC, the interests of whose can only be protected by the interference of the government.
Moreover, the people as individual consumers do not have complete information about the quality of services and the related costs. This often leads to exploitation of people. Hence, government intervention in health and education sector to regulate the fees structure is must in order to enhance the quality of human capital.
Match the following:
|
1. Prime Minister 3. Quota 4. Land Reforms 5. HYV Seeds 6. Subsidy |
A. Seeds that give large proportion of output C. Chairperson of the planning commission D. The money value of all the final goods and services produced within the economy in one year. E. Improvements in the field of agriculture to increase its productivity F. The monetary assistance given by government for production activities. |
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Read MoreWelcome to the NCERT Solutions for Class 11 Economics - Indian Economic Development - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 20: In your view, is it essential for the government to regulate the fee structure in education and heal....
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