Question

Explain the problems and solutions of formation of Human Capital. Also explain the importance of education.

Answer 1

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Education helps in the development of science and technology. Education encourages economic development through greater participation of the people in the affairs of country. It enhances the national income, cultural richness and increases the efficiency of governance.

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Answer 2

Answer:

The process of human capital formation is responsible for economic and human development of the individuals, society and of any country.

Human capital formation increases the economic prosperity of the individual by generating more job opportunities.

The economic prosperity brings social equality in a society.

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