Question

"Investment in human resource in the form of
education and health can give high rates of
return in future" Support the statement with any
three suitable arguements for education and health.​

Answer 1

Explanation:

Education helps in the human capital formation in the following ways: (i) Investment in education of human resource results in the formation of human capital. (ii) One can earn higher income because of higher productivity of the more educated or better trained persons, thus contributing towards human capital formation.