| Question | Distinguish between human capital and human development. |
| Chapter | Human Capital Formation |
| Class | Class 12 |
| Subject | Economics (Indian Economic Development) |
| Category | Indian Economic Development Class 12 Sandeep Garg Solutions |
Question – Distinguish between human capital and human development.
Answer –
| Human capital | Human development |
| It is a narrow concept which treats human being as a means to achieve an end of higher productivity. | Human development is a broader concept which treats human being as ends. |
| It considers education and health as a means to increase labour productivity. | It is based on the idea that education and health are integral to human beings is only when people have the ability to read and apply their knowledge to derive maximum benefit, they will be able to lead a long and healthy life. |
| Human Capital is linked with value-addition. | Human development is an index of human welfare. |
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