Question : Which of the following is an example of public investment in human capital?
Option 1: Corporate training programs
Option 2: Scholarships provided by private institutions
Option 3: Government funding for educational institutions
Option 4: Employer-sponsored healthcare plans
Correct Answer: Government funding for educational institutions
Solution : The correct answer is (c) Government funding for educational institutions
Public investment in human capital refers to the allocation of government resources, typically through funding and support, to enhance and develop the knowledge, skills, and abilities of individuals within a society. It aims to improve the overall education and skill levels of the population, leading to economic growth, productivity, and social development.
Therefore, the correct example of public investment in human capital is government funding for educational institutions. Government funding helps support the establishment, maintenance, and improvement of educational institutions, making education more accessible and affordable for the population and contributing to the development of human capital at a societal level.
