How is human development a broader term as compared to human capital?

Asked by Last Modified  

2 Answers

Learn Economics +1

Follow 2
Answer

Please enter your answer

Arunava Debnath

14 years being a Private Tutor as an @Educator-Trainer-Motivator-

(i) Human development is a broader term as compared to human capital because human capital is a means to an end whereas human development is an end in itself. Human capital considers education and health as a means to make human being a good productive person. Human capital is a means to an end where...
read more
(i) Human development is a broader term as compared to human capital because human capital is a means to an end whereas human development is an end in itself. Human capital considers education and health as a means to make human being a good productive person. Human capital is a means to an end where means implies skills that are used in the process of production and end denotes the consequent increase in the productivity. The higher level of output can be achieved through extensive application of human capital. (ii) On the other hand, human development is an end in itself which refers to the holistic development of the individuals. The devel-opment can be possible only by acquiring good education and attaining good health. Therefore, education and health are the two main features of human development. Human development occurs when majority of the people in the economy are educated and healthy. Thus, the end signifies the development of an individual via education and health. Therefore, we can conclude that human development is a broader term as compared to human capital. read less
Comments
Dislike Bookmark

Top achievements through curiosity and hardwork

Because Human capital without development of human is of no use. Human development is a key factor for development of nation as a whole.
Comments
Dislike Bookmark

Related Questions

Is it necessary to join the coaching for PCM (Class 11)?
If you are from ICSE or cbse board then you can read physics and chemistry at home and take tution for maths only. But if you are from West Bengal board.. you can take tution for PCM. This is because some...
Mukundan
What are some of the decent government jobs for a 33-year-old woman in India?
In which sector?
Priya
Is coaching in class 12 necessary to score 100 in chemistry?
Coaching is NOT necessary. But one must be ready to develop some qualities/habits to substitute the advantages coaching institutes provides. 1. CONSISTENCY: You must be regular with your studies. Because...
Santosh
0 0
5
Hi All, I have completed B.com,MBA F&M and SAP MM Consultant level training ,5 yrs working experince into SAP MM End user in MNC pune but there is no job for SAP MM Fresher and sap mm end user.Please suggest to another Non - SAP Course or what should i do next?
Hi, Priya. As I went through your point, I assume that you have good exposure to Accounts and its access to a few software. You need not worry. The only thing I would suggest you go for Tally Authorized...
Priya
Is it necessary to go to coaching or tuition for English in class 12 CBSE?
I think those students who are studying in a CBSE schools.They won't need.
Brahma
0 0
6

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

History Of Banking Institution In India
DEVELOPMENT OF BANKING BUSINESS IN INDIA Banking was in existence during Vedic period. Money lending is regarded as an old art and was practiced in the early Aryan day The term rina(debt) is often...
M

M. Mallick

0 0
2
Consumer Equilibrium
Basic Terms: 1.Utility:It refers to want satisfying power of the commodity.It is measured in utiles. 2.Types of Utilities: Tototal Utility: It refers to sum total of utility that is received from...

Astha V.

0 0
0
Measuring Sensitivity of Consumer Demand

Shashi Shankar

0 0
0
Analyzing Producer’s Cost and Income

Shashi Shankar

0 0
0
Macro-Economics: Meaning and Scope | What is macroeconomics? | Class 11/Class 12
Meaning of Macro-Economics

Rajiv Vadera

0 0
0

Recommended Articles

How To Choose The Right School For Children?

Quality education does not only help children to get a successful career and life, but it also hugely contributes to society. The formal education of every child starts from school. Although there are numerous schools, parents find it challenging to choose the right one that would fit their child. It is difficult for them...

Read full article >

Science, Arts Or Commerce - Which One To Go For?

Once over with the tenth board exams, a heavy percentage of students remain confused between the three academic streams they have to choose from - science, arts or commerce. Some are confident enough to take a call on this much in advance. But there is no worry if as a student you take time to make choice between - science,...

Read full article >

Top Benefits of e-Learning

With the current trend of the world going digital, electronic renaissance is a new movement that is welcomed by the new generation as it helps makes the lives of millions of people easier and convenient. Along with this rapidly changing movement and gaining popularity of Internet, e-Learning is a new tool that emerging...

Read full article >

6 Exam Hall Tips To Follow, For Every Good Student

Appearing for exams could be stressful for students. Even though they might have prepared well, they could suffer from anxiety, tension etc. These are not good for their health and mind. However, following a few exam preparation tips can save them from all these and help them to score good marks. Let’s find out all...

Read full article >

Find Class 11 Tuition near you
Class 11 Tuition in Delhi
Class 11 Tuition in Bangalore
Class 11 Tuition in Kolkata
Class 11 Tuition in Hyderabad
Class 11 Tuition in Mumbai
Class 11 Tuition in Chennai
Class 11 Tuition in Pune
Class 11 Tuition in Gurgaon
Class 11 Tuition in Noida
Class 11 Tuition in Ghaziabad

Looking for Class 11 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you