The correct answer is option (2) : (A)-(II), (B)-(I), (C)-(III), (D)-(IV)
| Column-I |
Column-II |
| (A) Human development |
(II) Education and health are integral to human well-being |
| (B) Human capital |
(I) Treats human beings as means to increase productivity |
| (C) On the job training |
(III) Source of human capital |
| (D) Physical Capital |
(IV) Tangible and can be easily sold in the market |
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Human development: This concept focuses on improving the quality of life for all people by expanding their choices, opportunities, and well-being. Education and healthcare are crucial aspects of human development. (A)-(II)
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Human capital: This refers to the knowledge, skills, and abilities possessed by individuals that contribute to their economic productivity. While human beings are not simply a means to an end, their skills do contribute to economic output. (B)-(I)
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On-the-job training: This is a form of training provided by employers to their employees to develop specific skills and knowledge required for their jobs. It's a way to invest in human capital. (C)-(III)
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Physical capital: This refers to tangible, man-made assets used for production, such as buildings, machinery, and equipment. Physical capital can be easily bought and sold in the market. (D)-(IV)
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