_______ focuses on investment in education and health of humans to increase productivity.

Human capital formation

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

Human development

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

Physical capital

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

None of the above

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

Open in App

Solution

The correct option is A Human capital formation
Human capital formation considers education and health as a means to increase labour productivity. Human capital formation is concerned with transforming the people of the country into workers. Better education and health will increase the productivity of labour.

Suggest Corrections

Similar questions

Explain how health and expenditure on information are a source of human capital formation.

Join BYJU'S Learning Program