Question

Consider the following statements :

Human capital formation as a concept is better explained in terms of a process which enables

1. individuals of a country to accumulate more capital.

2. increasing the knowledge, skill levels and capacities the people of the country.

3. accumulation of tangible wealth.

4. accumulation of intangible wealth.

Which of the statements given above is/are correct?

(a) 1 and 2

(b)2 only

(c)2 and 4

(d) 1, 3 and 4

Answer 1

(d)- 1,3and4 this is answer option d

Answer 2

From the question above human capital is the process of accumulation of tangible and intangible wealth through incorporating a diverse human abilities and putting them on the same platform together with the raw materials from diverse backgrounds to process them into a finished product for economi purposes. This may be an example of collection of human skills in a factory.

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