Question

Education is an important input of human capital formation do you agree? Give reasons for your answer

Answer 1

Education is an important input for the growth of an individual.It plays a major role in capital formation, that adds to the productive part of the country.It helps a person to realize his potential and the ability to do a work.

•Educated people gain through higher incomes.Society also gains through other indirect ways because the advantages of a more educated population spreads to those who themselves are not directly educated.

•The educated people will invest on their child's health and education, thus building a better future for the nation.

•Therefore, to prevent a population from being a liability of a country, the government must pay adequate attention towards the education 

Answer 2

Answer:

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Explanation:

The role of education in human capital formation is vital. A large population can be turned into a liability if it is not educated. By giving proper education we can make a child well developed, well eligible to do any work. Thus, education adds to the quality of labor. This enhances total productivity, which adds to the growth of the economy.

This in turn pays an individual through salary or in some other form of his choice. Education has a vital role to play in human resource development. Education and skills are the major determinants of the earning of an individual. A child, with the investment made on her education and training, can yield a high return in the future in the form of higher earnings and greater contribution to society.

Educated persons are found to invest more heavily in the education of their children. This is because they have realized the importance of education for themselves