How is human development a broader term as compared to human capital?
Human development is a broader term as compared to human capital because human capital is a means to an end whereas human development is an end in itself. Human capital considers education and health as a means to make a human being a good productive person. Human capital is a means to an end, where means implies skills that are used in the process of production and end denotes the consequent increase in the productivity. The higher levels of output can be achieved through extensive application of human capital. On the other hand, human development is an end in itself which refers to the holistic development of the individuals. The development can be possible only by acquiring good education and attaining good health. Therefore, education and health are the two main features of human development. Human development occurs when majority of people in the economy are educated and healthy. Thus, the end signifies the development of an individual via education and health. Therefore, we can conclude that human development is a broader term as compared to human capital.
Trace the relationship between human capital and economic growth.
Discuss the need for promoting women’s education in India.
Discuss the following as a source of human capital formation
(i) Health infrastructure
(ii) Expenditure on migration.
What are the main problems of human capital formation in India?
‘There is a downward trend in inequality world-wide with a rise in the average education levels’. Comment.
Education is considered to be an important input for the development of a nation. How?
What are the indicators of educational achievement in a country?
What factors contribute to human capital formation?
Argue in favour of the need for different forms of government intervention in education and health sectors.
How does investment in human capital contribute to growth?
What was the focus of the economic policies pursued by the colonial government in India? What were the impacts of these policies?
What do you mean by rural development? Bring out the key issues in rural development.
Define a plan?
Who is a worker?
Explain the term ‘infrastructure’.
What is meant by environment?
Why are regional and economic groupings formed?
Why were reforms introduced in India?
Why calorie-based norm is not adequate to identify the poor?
Name some notable economists who estimated India’s per capita income during the colonial period?
Suppose you are from a poor family and you wish to get help from the government to set up a petty shop. Under which scheme will you apply for assistance and why?
How can creation of income earning assets address the problem of poverty?
What happens when the rate of resource extraction exceeds that of their regeneration?
Explain how the opportunity costs of negative environmental impact are high.
The traditional handicrafts industries were ruined under the British rule. Do you agree with this view? Give reasons in support of your answer.
Who is a casual wage labourer?
How can we increase the effectiveness of health care programmes?
Explain the relevance of intergenerational equity in the definition of sustainable development.
Keeping in view your locality, describe any four strategies of sustainable development.
You are residing in a village. If you are asked to advice the village panchayat, what kinds of activities would you suggest for the improvement of your village which would also generate employment.