3-
What
human
is the
capital
Education
in
role of
formation ?
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Answers
Human capital also know as human resources is the backbone of any nation.so theses human resources mainly consists of students who gradually turns into accountants,doctors or engineers. These students depending on their efficiency and capabilities become a human assets for the nation.
The capital formation is eying at the conversion of human resources into human assets.
1)human capital::=>
Skillset , educational qualification,subject knowledge ability and expertise in the human resources of a nation at a point in time ,called human capital.
2) physical capitals::=>>
For the development and enhancement of physical assets such as bridges , buildings, industries..etc .All input like tools gadgets which are required,called physical capitals.
The most effective way to enhance and enlarge the productive workforce
In the country is the expenditure done on strengthening the education system.It is considered as the best source of human capital formation.
Exucation can be floated to others resulting in social benefits.
Hey!!
The role of education in human capital formation are as follows: ... Education makes people concerned for themselves and others, improve productivity and prosperity , and enriches life experience. 4. It is not only contributes towards the growth of an individual but also helps in the development of the society as a whole.