Question : Which of the following factors contributes to human capital formation?
Option 1: Decreased investment in education and healthcare
Option 2: Low levels of literacy and numeracy in the population
Option 3: Lack of access to educational opportunities
Option 4: Government policies promoting education and healthcare
Correct Answer: Government policies promoting education and healthcare
Solution : The correct answer is (d) Government policies promoting education and healthcare.
Government policies that promote education and healthcare are significant factors that contribute to human capital formation. By investing in education and healthcare systems, governments can enhance the knowledge, skills, and health of their population, leading to improved human capital. These policies may include measures such as increasing funding for education, providing scholarships and grants, improving access to quality education and healthcare services, implementing training programs, and supporting research and development initiatives. These actions help individuals acquire and develop skills, knowledge, and capabilities, which are crucial for their productive participation in the economy and society.
