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

Gujarat BoardEnglish MediumSTD 12 CommerceEconomicsEMERGING ISSUES IN INDIAN ECONOMY3 Marks
Question
State and explain the meaning of education.
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Answer

Education:
The process of teaching and learning is called education.

Human capital investment:

  • When capital is invested in humans so that their physical and mental capabilities can be developed it leads to formation of human capital.
  • All investment made for educating, training, grooming, research work, etc. is known as human capital investment.
  • When humans acquire skills from all such training they become asset i.e. human capital for the country. These humans then apply their skills in various sectors, earn money and hence fuel the economy.

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