CUET Preparation Today
| Which of the following statement/statements are true? Statement 1: Just as a country can turn physical resources into physical capital like factories, similarly, it can also turn human resources into human capital. Statement 2: We need good human capital to produce other human capital. |
Both the statements are true Both the statements are false Statement 1 is true and Statement 2 is false Statement 2 is true and Statement 1 is false |
| Both the statements are true |
| Just as a country can turn physical resources like land into physical capital like factories, similarly, it can also turn human resources like nurses, farmers, teachers, students into human capital like engineers and doctors. 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, etc.). |
