Question

how dose investment in education help in human capital formation

Answer 1

Answer:

The role of education in human capital formation are as follows:

An educated society facilitate better development program than an illiterate one.

Education improves productivity and prosperity, and also improve enriched life experience.

It does not only contribute towards the growth of the people but also the development of society as a whole.

Education increases national income and other cultural richness.

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Answer 2

Education builds up the skills and knowledge of people which is a sign of human capital formation.

Explanation:

• Investing in education is one of the greatest investments one can make.

• When a person gets education, he or she not only learns life skills and gathers knowledge but also learns a very important art of decision making.

• Educating a person helps in improving effectiveness and productivity. When a person is better and more productive, it is the improvement in human resources.
• Therefore investment in education is also referred to as an investment in human resource formation.