mention the positive side of a large population. why is human capital formation important
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Importance of Human Capital Formation:
Although the accumulation of physical capital is quite important in the process of economic growth of a country but with the passage of time, it is being increasingly realised that the growth of tangible capital stock depends extensively on the human capital formation must get its due importance.
In the absence of adequate investment in human capital, utilisation of physical capital will be at low pace, leading to retardation of development.
Although the accumulation of physical capital is quite important in the process of economic growth of a country but with the passage of time, it is being increasingly realised that the growth of tangible capital stock depends extensively on the human capital formation must get its due importance.
In the absence of adequate investment in human capital, utilisation of physical capital will be at low pace, leading to retardation of development.
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