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What do you understand by human capital? Explain how human capital formation contributes to economic growth and development.
The concept of "human capital" describes the monetary worth of a workforce's qualifications, expertise, and attributes, such as their health, education, and training. The efficiency and output of employees are improved by these qualities. Growth in the economy and the development of human capital arRead more
The concept of “human capital” describes the monetary worth of a workforce’s qualifications, expertise, and attributes, such as their health, education, and training. The efficiency and output of employees are improved by these qualities. Growth in the economy and the development of human capital are closely related. Health and education improvements provide a workforce that is more capable and productive, which promotes creativity and technical breakthroughs. The resources required for additional investments in human capital are provided by economic development. Growing economies can boost healthcare, education, and training initiatives, starting a never-ending cycle of improvement. Economic development, in turn, maintains and improves human capital, resulting in a trained and effective labour force. Put simply, economic growth is driven by human capital.
See less"Tolerance implies no lack of commitment to one's own beliefs. Rather it condemns the oppression or persecution of others." John F. Kennedy
Responsibility of Beliefs: Kennedy stresses that exhibiting tolerance does not require sacrificing one's personal convictions. This emphasises how important it is to accept the opinions of others while maintaining your own strong beliefs. Injustice Condemnation: Acceptance actively resists intoleranRead more
Responsibility of Beliefs: Kennedy stresses that exhibiting tolerance does not require sacrificing one’s personal convictions. This emphasises how important it is to accept the opinions of others while maintaining your own strong beliefs.
Injustice Condemnation: Acceptance actively resists intolerance and injustice of others. This idea is consistent with equality and fairness, two fundamental constitutional ideals.
Cultural diversity and Pluralism:In a country as diverse as India, where many languages, faiths, and cultural traditions coexist, tolerance is essential. Encouraging tolerance contributes to the preservation of national unity and social harmony.
Human Rights: The denunciation of persecution is interwoven with the larger argument on human rights. A society with democracy must uphold justice and safeguard individual liberties.
Social Cohesion: Through promoting communication and mutual understanding amongst various groups, tolerance promotes social cohesion. A stable and serene community need this.
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