Q. How does human capital differ from human development?
Answer: Human capital views education and health as means for productivity; human development as ends.
Notes: Human capital is an economic term considering education and health as investments to increase labor productivity and economic growth. Human development is a social concept measuring improvements in quality of life, expanding choices, and capability building beyond productivity or economic output. The United Nations introduced the Human Development Index in 1990, distinguishing these concepts globally. The World Bank uses human capital measures for development reports.
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