Read the following statements - Assertion (A) and Reason (R):
Assertion (A): Education and health spending are important determinants of human capital formation.
Reason (R): Human capital formation is a continuous and ongoing process.
From the given alternatives choose the correct one:
Assertion (A): Education and health spending are important determinants of human capital formation.
Reason (R): Human capital formation is a continuous and ongoing process.
From the given alternatives choose the correct one:
Answer & explanation
Correct answer: option 2
Investment in education increases skills and knowledge and investment in the health sector increases the efficiency, efficacy, and productivity of a nation’s workforce. That is why education and health spending are important determinants of human capital formation.