Question : Human capital formation is a _______ process.
Option 1: Social
Option 2: Political
Option 3: Irregular
Option 4: None of them

Question

Question : Statement 1: Human capital formation is an expensive process that does not yield significant returns.

Statement 2: Human capital formation is a worthwhile investment that yields long-term economic and social benefits.

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Answer 1

Correct Answer: Social

Solution : The human capital process is a social process.
It is the process of gradually increasing the stock of human capital. Creating a skilled, trained, and efficient labor force can help to grow human capital, as can improving access to healthcare and education.
Hence option a is the correct answer.

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Question : Human capital formation is a _______ process.Option 1: SocialOption 2: Political Option 3: IrregularOption 4: None of them

Related Questions

Question : Statement 1: Human capital formation is an expensive process that does not yield significant returns. Statement 2: Human capital formation is a worthwhile investment that yields long-term economic and social benefits.

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Question : Human capital formation is a _______ process.
Option 1: Social
Option 2: Political
Option 3: Irregular
Option 4: None of them

Question : Statement 1: Human capital formation is an expensive process that does not yield significant returns.

Statement 2: Human capital formation is a worthwhile investment that yields long-term economic and social benefits.

Question : Which of the following statement are true:
Statement 1: Positive outlook is brought about by human capital formation.
Statement 2: Human capital formation ensures a higher participation rate.

Question : Statement 1: Human capital formation is a one-time process that occurs during early childhood.

Statement 2: Human capital formation is a lifelong process that continues throughout an individual's life.