Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Human Capital Formation in India

Question:
What role does an educated labor force play in the adaptation of new technologies?
Options:
It hinders the adaptation of new technologies due to resistance to change.
It facilitates the adaptation of new technologies.
It makes the adaptation of new technologies more costly as educated people are more likely to form trade unions which obstruct modernization.
It has no impact on the adaptation of new technologies.
Correct Answer:
It facilitates the adaptation of new technologies.
Explanation:
The availability of an educated labor force facilitates the adaptation of new technologies. Educated individuals are more likely to understand and embrace new technologies, leading to a smoother and more effective integration of technological advancements in various industries.