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Economics-CBSE-class-11-NCERT-solutions-->View question

Discuss the following as a source of human capital formation: (-Economics CBSE class 11 ncert)

i. Health infrastructure
ii. Expenditure on migration
(Book: Indian Economic Development
Chapter 5: Human Capital Formation in India
(NCERT textbook questions))

Asked On2017-07-14 10:02:11 by:Aparna-Dasgupta

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Health infrastructure: The role of health in the formation of human capital is vital. To prevent the population from being a liability to a country, the government must pay adequate attention towards the health of the public. This is possible only with government expenditure on health infrastructure. Educated people will spend on their child's health and education, thus coming up with a bright future for the nation. The level of income earned increases with expenditure on health because the productive capacity of the working population depends on health expenditure. Over the last few decades, India has developed health infrastructure and manpower at all levels of government and private health care centres. This enables to progress in improving the health of the population.
Expenditure on migration: People migrate from one place to another in search of better jobs and higher earnings than the previous job. Mostly people migrate from rural areas to urban areas or from one country to another country to receive good returns for their work. It involves the cost of transport and cost of living in different places. However, still people tend to migrate as the benefit is higher than the cost of migration. In this way, spending on migration can also be considered a source of human capital formation. 

Answerd on:2017-07-17 Answerd By:milan-ransingh

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