Question

Q. Any five importance of human capital formation
Q. what is unemployement

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. ... 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

Answer 2

Explanation:

1) High-skilled and creative workers have increased opportunities for self-employment or good employment contracts. Economic growth and productivity. ... Better educated, innovative and creative workforce can help increase labour productivity and economic growth. Human capital flight.

2) Unemployment occurs when a person who is actively searching for employment is unable to find work. ... The most frequent measure of unemployment is the unemployment rate, which is the number of unemployed people divided by the number of people in the labor force.