Question

Define human capital formation_?

Answer 1

Answer:

Human capital formation is the process of transforming the people in a country into workers who are capable of producing goods and services. During this process, relatively unskilled individuals are given the tools they need to contribute to the economy.

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Answer 2

Answer:

---> Human capital formation is the process of acquiring and increasing the number of persons who have education and experience which is essential for the economic and political development of a country”.

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