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Revision Notes For Class 11 Economics Chapter 5 Human Capital Formation In India

Human Capital Formation In India is one of the most important chapters to be taken into consideration while revising for the class 11 economics. This is a vast concept and comprises of various topics – introduction, what is human capital?, sources of human capital, physical and human capital, India as a knowledge economy, human capital and human development, human capital formation in India : great prospects, education sector in India, future prospects and conclusion.

Students can also refer to :

Frequently asked Questions on CBSE Class 11 Economics Notes Chapter 5: Human Capital Formation in India

What is ‘Human capital’?

Human capital is the stock of skilled and productive work force of a nation.

What are the sources of ‘Human capital’?

1. Educational investment 2. Proper healthcare facilities 3. Migration 4. Training (on-job) 5. Awareness and indiscrimination

What are the main components of the Education sector in India?

The school system in India has four levels: lower primary (age 6 to 10), upper primary (11 and 12), high (13 to 15) and higher secondary (17 and 18).

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