Question

'Human Capital benefits only the owner and not the society.' Defend or Refute.

Answer 1

The given statement is refuted. Human Capital benefits not only the owner but also the society in general. For example, an educated person can effectively take part in a democratic process and contribute to the socio-economic progress of a nation. Similarly, a healthy person prevents spreading of contagious diseases and epidemics by maintaining personal hygiene and sanitation.