Anaya and Rohan owned separate farms. Anaya focused on learning modern farming techniques, training workers in crop rotation, soil management, and pest control.
On the other hand, Rohan invested in advanced machinery, irrigation systems, HYV seeds.
“Both Anaya and Rohan invested in human capital.”
Do you agree with the given statement ? Give valid argument in support of your answer.
Anaya and Rohan owned separate farms. Anaya focused on learning modern farming techniques, training workers in crop rotation, soil management, and pest control.
On the other hand, Rohan invested in advanced machinery, irrigation systems, HYV seeds.
“Both Anaya and Rohan invested in human capital.”
Do you agree with the given statement ? Give valid argument in support of your answer.
Show Hint
Solution and Explanation
Human capital is the stock of skill, knowledge and health in people. We build it through education, training and health.
Physical capital is the stock of tangible assets like machines, tools and irrigation systems, used in production.
Step 2: Read the case about Rohan:
Rohan invested in advanced machinery, irrigation systems and HYV seeds. All of these are tangible assets used in the production process.
So his investment is in physical capital and not in human capital.
Step 3: Read the case about Anaya:
Anaya learned modern farming techniques and trained workers in crop rotation, soil management and pest control.
This raised the knowledge and skills of people. So her investment is in human capital.
Step 4: Give the decision:
Only one of the two invested in human capital. So we do not agree with the statement.
Final Answer:
No, we do not agree. Rohan invested in physical capital by buying machinery, irrigation systems and HYV seeds. Anaya invested in human capital by raising knowledge and skills through learning and training. Each argument carries 1.5 marks.
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