Q. 54.6( 10 Votes )

How is human development a broader term as compared to human capital?

Answer :

Human development is a broader concept in which the human beings are considered as end in themselves. Human development includes the overall prosperity of human beings through education and health facilities. It considers that welfare is the right of every individual irrespective of the fact that what his or her contribution to the labour productivity is. Everyone has the right to be literate and to lead a healthy life.


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