Human Capital

Describe how distance education can contribute to the formation of human capital.

Leave a Comment / MDE-417 /

Introduction Human capital refers to the collective skills, knowledge, and abilities possessed by individuals that contribute to economic and social development. Education is the most significant tool for building human capital. In recent decades, distance education has emerged as a powerful and flexible way to develop human capital, especially in regions where access to traditional […]

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Why does diminishing returns to capital not take place in the AK growth model? Analyse the Lucas model of endogenous growth, bringing out the role of human capital.

Leave a Comment / MEC-104 /

Introduction Economic growth models help us understand the drivers of long-term increases in national output and living standards. Traditional neoclassical models, like the Solow model, predict diminishing returns to capital, meaning that each additional unit of capital contributes less to output. However, new growth theories—particularly endogenous growth models—challenge this idea. Two such models are the

Why does diminishing returns to capital not take place in the AK growth model? Analyse the Lucas model of endogenous growth, bringing out the role of human capital. Read More »

Knowledge Society and Its Relation to Education

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What is a Knowledge Society? A knowledge society is a society that is structured around the creation, dissemination, and utilization of knowledge as a key resource for economic, social, and cultural development. In a knowledge society, information and knowledge become central to decision-making, innovation, and human progress. It prioritizes lifelong learning, fosters creativity, and leverages

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