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ECONOMICS


                                                        Class-XII


                                                      CHAPTER 5



                                           Human Capital Formation


                                                     (Module-33)






               TOPIC:

                   •  Development Indicators in Education and Health Services

                   •  Importance or Role of Human Capital Formation
                   •  Problems of Human Capital Formation
                   •  Human Capital and Human Development


               Short notes:


                   •  Importance or Role of Human Capital Formation

               1. Effective use of Physical Capital


               2. Higher productivity and production

               3. Inventions, innovations and technological improvement


               4. Modernization of attitudes


               3. Increases life expectancy

               4. Control of population growth


               5. Improves quality of life

                   •  Problems of Human Capital Formation

                 I.    Insufficient resources
                II.    Serious inefficiencies
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