Question

2. What is meanobyl human capital formation​

Answer 1

Answer:

$\textsc{Human capital formation is the process of transforming the people in a}$$\textsc {country into workers who are capable of producing goods and services. }$$\textsc{During this process, relatively unskilled individuals are given the tools they }$$\textsc{need to contribute to the economy. It is critical to the long-term economic }$$\textsc{growth of a country, and provides the same benefits as new technologies }$$\textsc{or more efficient industrial equipment. While this process takes time, it }$$\textsc{often results in a greater standard of living for the people within a country }$$\textsc{in just a few generations, or even sooner. This process can be achieved }$$\textsc{through the use of public health policies, education or training opportunities.}$

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Answer 2

Answer:-

✏ Human capital formation is the process of acquiring and increase the number of person who have education and experience which is potential for the economic and political development of a country.

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