Page 3 - Lesson Note

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.