MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Relationship between Human Capital & Growth

Capital is no...

Question

Capital is not the core of economic development.

A

True

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

B

False

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A True
Capital is a passive factor of production thus it is not the core of economic development. Economic development of a country depends on several factors including capital.

Suggest Corrections

thumbs-up

0

Similar questions

Q. The process of economic development is facilitated by the existence of a well functioning capital market.

Q. State the factors related to human capital that influence the economic development of the country.

Q. Discuss two relevant characteristics of capital which help in accelerating the economic development of a country.

Q. Commercial banks can contribute to Economic development in which of the following ways?
I. Capital formation
II. Encouragement to Entrepreneurs
Ill. Monetisation of economy
IV. Regional development

Q. Fill in the blanks with appropriate alternative given in the bracket.

1. Economic growth without__________ is possible.
(Economic development, education, capital, trade)

2. In modern times the_________is an economic leader
(entrepreneur, actor, social worker, minister)

3. Industrial development increases_______________
(Poverty, population, urbanization, unemployment)

4. Per capita income is ____________ divided by the total population.
(Per capita consumption, national income, human development, human development, net national product.)

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Economic Growth and Human Capital

ECONOMICS

Watch in App

explore_more_icon

Explore more

Relationship between Human Capital & Growth

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon