learn with RASHMI SHARMA's video: Human Capital Formation Part 1 Ch 8 Indian Economic Development

This video it is about human capital formation chapter 8 class 12th Economics Indian economic development human capital human capital formation physical capital financial capital determinants of human capital formation sources of human capital formation investment of human capital formation 1. expenditure on education 2. expenditure on health 3. on the job training 4. migration 5. expenditure on information human capital refers to the stock of skill and expertise of a nation at a point of time human capital formation is a process of acquiring and increasing the number of persons who have the skill, education and experience which are essential for the economic and political development of a country physical capital refers to the stock of produced means of production for example machinery raw material, tools financial capital refers to money used on acquiring capital goods for example debts and equity what is human capital what is human capital formation what is physical capital what is financial capital what are the sources of human capital formation explain expenditure on education differentiate between human capital and physical capital explain how migration and information promote human capital formation investment in health and education are the principal sources of human capital formation explain what is the need for government intervention in promoting health and education in India