According to human capital theory, the main benefit of investing in education is : (A) Higher wages (B)…
In Human Capital Theory (pioneered by Theodore Schultz and Gary Becker), expenditures on education and training are treated as capital investments whose primary economic…
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According to human capital theory, the main benefit of investing in education is :
(A) Higher wages
(B) Individual Growth
(C) World Ranking of Country
(D) Empowerment of People
(E) Productivity
Answer and explanation
Correct answer D
In Human Capital Theory (pioneered by Theodore Schultz and Gary Becker), expenditures on education and training are treated as capital investments whose primary economic benefits are enhanced worker productivity (E) and consequently higher individual earnings/wages (A).
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UGC NET Education