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Bring out the differences between human capital and human development.

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IELTS, Interviewer, Spoken English trainer with 2 years of experience in IELTS industry.

The basis differences between human capital and human development are – •Human capital considers that the productivity can be increased by education and health whereas human development believes that the education can be beneficial only when the human beings are able to derive maximum...
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 The basis differences between human capital and human development are –

•Human capital considers that the productivity can be increased by education and health whereas human development believes that the education can be beneficial only when the human beings are able to derive maximum benefit out of what they have learnt.


•Human capital is a narrow concept which treats human being as a means to achieve higher productivity whereas human development is a broader concept which considers human beings as an end in themselves. It believes that human welfare can be achieved through investment in education and health..

 
 
 
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Human capital is a quite limited idea. Human development is a much expansive idea. Theme central It believes that health and education are the most effective ways to increase labour productivity. It believes that health and education contribute to an individual's total growth, as a healthy...
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Human capital is quite limited idea. 
Human development is much expansive idea.

 

Theme central

 

It believes that health and education are the most effective ways to increase labour productivity.

 

It believes that health and education contribute to an individual's total growth, as healthy person with good knowledge may make decisions that will help them live happy and healthy life.

 

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experience the power of knowledge

Differences between human capital and human development are: Human Capital Human Development Human capital - (i) Human capital treats education and health as a means to increase capital. Human development - (i) Human development consider integral to human well-being. Human capital - (ii) Human capital...
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Differences between human capital and human development are:

Human Capital Human Development

Human capital - (i) Human capital treats education and health as a means to increase capital.

Human development - (i) Human development consider integral to human well-being.

Human capital - (ii) Human capital treats humans as a means to end.

Human development - (ii) Human development treats humans as an end to themselves.

Human capital - (iii) It states education and health as a means to increase labor productivity.

Human development - (iii) It states that education and health are integral to human well-being because only when people have the ability to read and write, do they have the ability to make a healthy life.

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