Match statements in column I with correct statements in column II.
| Column 1 | Column II |
| i. Human Welfare | a. Human Capital |
| ii.Labour Productivity | b. Human Development |
| iii. Increase in National Income | c. Economic Growth |
| iv.More use of IT | d. Knowledge Economy |
Answer & explanation
Correct answer: option 2
The correct answer is option 2: i-b, ii-a, iii-c, iv-d
| Column 1 | Column II |
| i. Human Welfare | b. Human Development |
| ii.Labour Productivity | a. Human Capital |
| iii. Increase in National Income | c. Economic Growth |
| iv.More use of IT | d. Knowledge Economy |
Human capital treats human beings as a means to an end, end being increase in labour productivity.
Human development aims at human welfare.
Economic growth means the increase in national output/national income.
A country can be transformed into knowledge economy using more of IT (Information Technology).