NCERT Solutions for Class 9 Social Science
Chapter 2 People as Resource
Question 15. Page No. 27
NCERT Academic Session 2023-2024
Description:
Capital is assets aiding wealth creation: money (financial), tools (physical), skills (human), connections (social), and nature resources (natural) vital for economic growth and production.
Human capital is considered the most valuable as it comprises skills, knowledge, and expertise acquired through education and experience. This capital enables adaptability to change, drives innovation, and boosts productivity, essential for economic growth. Unlike other forms of capital, human capital can continuously develop, providing long-term advantages. Investment in human capital not only benefits the economy but also enhances societal well-being and reduces inequalities.