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Discuss the importance of social overheads in human resource development.

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Solution

Social overhead capital, namely health and education play an important role in the human resource development. Education imparts technical skills and knowledge that increases the productive capacity and productivity of a nation. It also facilitates the process of modernisation. It is an essential input for the development process of a nation. It acts as a supplier of quality human capital that facilitates economic growth and development.
Similarly, health is of immense importance in the development of human resource. A healthy person is more productive than an unhealthy person, both physically and mentally. In other words, a healthy person can contribute more efficiently towards the production process. Health improves the overall quality of life of a person. Consequently, the person contributes actively to the growth and development process. Thus, a nation needs to ensure that its manpower is healthy.

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