define human capital formation
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Human capital formation is the process of transforming the people in a country into workers who are capable of producing goods and services.
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Answer:Human capital formation is the process of transforming the people in a country into workers who are capable of producing goods and services.
EXPLAIN-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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