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EMERGING ISSUES IN INDIAN ECONOMY — Economics STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsEMERGING ISSUES IN INDIAN ECONOMY2 Marks
Question
Explain the meaning Education.
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Answer

Meaning of Education: In ordinary language, education means the process of learning and teaching.
  • The concept of human capital investment is based on this concept of education.
  • This concept of human capital investment is developed by Prof. Simon Kuznet, Prof. Shultz etc. economists whose contribution is significant.
  • Human capital investment means investment of human’s, Physical and mental ability for development.
  • Capital investment includes training, education, research etc.

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