Question

2. HOW is numan resource different from other resources ike and an
capital?
3. What is the role of education in human capital formation?​

Answer 1

Answer:

Human resource is different from other resources in many senses. Human resources need education, training and healthcare to develop. On the other hand, land and physical capital need money and physical inputs to develop. Land and physical capital are useless without human resources.

ANSWER 2

Education plays an important role in human capital formation. Education improves the quality of human resources. An educated person is likely to contribute to the economy in a better way than an uneducated person. We should keep in mind that education does not only mean a formal education to obtain degrees but also means skill development.

Answer 2

Explanation:

2. Human resource can use other resources like the land and capital by their skills, knowledge and enterprise.

Land and capital cannot be used by its own.

3. Education is a major part of human capital formation. Education helps them to increase their knowledge.