Define human capital and human capital formation.Name two sources of human capital formation.
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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.
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Explanation:
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.
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