Question

All in one class 9th economics What is the role of health and education in human capital formation

Answer 1

Answer:

Education plays a significant and very vital role in human capital formation because education helps the humans to achieve and realise their full potential. It helps to make people successful in their life in the form of higher incomes earned through better jobs and higher productivity. Education helps the people by broadening their knowledge and providing them training.

He plays an important role in human capital formation as follows:

I) only a healthy person can perform to his full potential.

Ii) A healthy person can do the work in a more effective manner.

III) A healthy person can contribute to the growth and development of the economy by doing productive work.

Iv) An unhealthy person becomes a liability for the economy indeed a dozen indispensable basis for illegal ones well-being.

V) realising the importance of health, improvement in the health status of the population has been the priority of the government.

Answer 2

Explanation:

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