Megha kumari, Academic content writer of Economics at Edumarz
- It consider education and health are important in increasing productivity of human.
- According to human capital investment in education and health are unproductive, if it does not contribute to economic development.
- It consider education and health are basic need of human well-being.
- According to human development if education and health did not improve labour productivity although it improve human welfare.
Human capital is taken as a means to an end which means for economic development human capital is necessary.
Human development is taken as development of every individual. As everyone has the right to basic education and healthcare, no matters it contribute to economic development or not.