"education and health are ? important factors of human capital formation". explain the statement .
pls answer this question
Answers
Answer:
hey mate !
Following are the role of education in human capital formation:
(i) Education bears fruits in term of good job and salary.
(ii)Education increases the efficiency of the workers.
(iii) Education helps in increasing the mental horizon of the people.
Health A sound mind in a sound body like education, investment in health is also considered as an important factor for human capital formation as it directly increases the supply of healthy labour force. A healthy person is an asset for the nation as he is more productive than a sick person who is unable to work efficiently due to bad health. Therefore, investment in health facilities to build a physically as well as mentally strong human capital, is essential for increasing productivity. Preventive medicine (vaccination), curative medicine (medical intervention during illness), social medicine (spread of health literacy) and provision of clean drinking water and good sanitation are the various forms of health expenditures. Health expenditure thus, a source of human capital formation.
Explanation:
Hope it helps u
Brainliest Plz
#Keep smiling :)