Which of the following cannot be considered as a source for transforming human capital? |
Migration expenditure in search of better employment opportunities Expenditure for on the job training to increase productivity Expenditure incurred on building machines and factories All of the above |
Expenditure incurred on building machines and factories |
The correct answer is Option 3: Expenditure incurred on building machines and factories Expenditure on building factories and machines leads to formation of physical capital and not human capital. Human capital can be formed through expenditure on education, health , migration, etc. |