EFFECTS OF PUBLIC INJECTION/ EXPENDITURE TOWARDS HUMAN CAPITAL DEVELOPMENT AND ECONOMIC GROWTH
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Author
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Department of Economics
Economic Growth which is the quantitative increase in output of goods and services in an economy at a particular point in time (i.e. Increase in production level of every sector of the economy) is one of the most important attributes of the macro-economic goals which every economy aims to achieve but Economic Development is sustained growth in the economy accomplished by improvement in the standard of the living of the people in the economy, it therefore considers an increase in output level that will reflects on Human Capital in the economy which includes though not limited to:-
Higher life Expectancy i.e. Good things of life
Higher Educational level
Good Health facility
Less Mortality rate
Higher Per Capital Income
Increase in employment of natural, human and financial resources in the economy
Higher level of functional infrastructures
Basic facilities or necessities of life e.g. Food, Clothing, shelter etc.
Public Injection or Expenditure is an action the Government to engage in financial activities on a sector or the entire country for the purpose of influencing economic activities or attainment of desirable or preconceived macro-economic goals.
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