Can you imagine some villages which initially had no job opportunities but later on came up with many?
Yes, it can be imagined that some villages which initially had no job opportunities but later on came up with many. One day my grandfather told me that he was born in very small village that had no job opportunities. He was to suffer a lot even for tiny products he had to go to miles as there were hardly any shops in vicinity. He used to go to nearby town to sell the surplus grains and used to buy seeds, manure etc. from there. But with time many changes have taken place in his village. Following are few of those changes:
1. Many primary schools have been opened in the village and now teachers teach there; earlier there was lack of teachers. Now the villagers send their kids to the school, which was not there before especially for the girl child.
2. Some training centres and institutions have been set up on the villages. So that girls and boys can go over there and learn some vocational skills.
3. A rich farmer has started sugarcane crushing factory in the village and villagers have been employed in factory to earn their livelihood.
4. A villager has established a computer centre and hired few teachers to train the students in the same way he got the training.
Which capital would you consider the best-land, labour, physical capital and human capital? Why?(view answer)