Explain the four sources of human capital formation.
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Human capital refers to the Stock of skill and, expertise of a nation at a point of time. The two major sources of human capital in a country are (i) Investment in education (ii) Investment in health Education and health are considered an important input for the development of a nation.
Explanation:
The sources of capital formation are: Health expenses. Training. Educational costs.
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Human Capital Formation - Sources & Problems
Expenditure on Education. ...
Training. ...
Investment in The Health sector. ...
Expenditure on Information. ...
Migration.
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