Page 3 - LN_IX_ECO_CH_2_SUB_1
P. 3
EXAMPLES OF HUMAN CAPITAL FORMATION
• India’s Green Revolution is a dramatic example of how the input of
greater knowledge in the form of improved production technologies
can rapidly increase the productivity of scarce land resources.
• India’s IT revolution is a striking instance of how the importance of
human capital has come to acquire a higher position than that of
material, plant and machinery.
SUPERIORITY OF HUMAN CAPITAL
• human capital is in one way superior to other resources like land
and physical capital
• human resource can make the optimum use of land and capital.
• Land and capital cannot become useful on its own.
