Question

Define human capital and Human capital formation. name any two resources of human capital formation

Answer 1

human capital is the stock of productive knowledge that embedded in human. human capital formation is the way of further developing human by investing resources on it. education and medical care are two resource

Answer 2

Human capital can be described as common skills, information, or other intangible assets of people that can be utilized to generate commercial advantage for the people, their organizations, or their association:

Education is an advancement in human capital that finances in terms of greater productivity.

Human capital development is the manner of reconstructing the people in a nation into workers who are competent in manufacturing goods and services.

Education and health are the two major sources of human capital.