Read the following statements - Assertion (A) and Reason (R):
Assertion: We need sufficient human capital in first place to produce more human capital out of human resources.
Reasoning: Competent people who have themselves been educated and trained as professors and other professionals can further pass on the knowledge and skill to others.
From the given alternatives choose the correct one:
Answer & explanation
Correct answer: option 1
Societies need sufficient human capital in the first place—in the form of competent people who have themselves been educated and trained as professors and other professionals. In other words, we need good human capital to produce other human capital (say, nurses, farmers, teachers, doctors, engineers...). This means that we need to invest in human capital to produce more human capital out of human resources.