Ques 1.what kind of people would be regarded as resources ?
Ques 2. what is human capital formation ?
Ques 3. how human capital formation take place ?
Answers
Answer:
2.the process of adding to the stock of human captal of over time
Answer:
Ques 1.what kind of people would be regarded as resources ?
ans :- People as a resource' is a term that means how the population can be an asset and not a liability. It a way of referring to the working class of society in terms of their existing productive skills and abilities. ... Thus, people as a resource refers to the working population that results in the development of society.
Ques 2. what is human capital formation ?
ans :- 1. Human capital considers education and health as a means to increase labour productivity. 2. Human capital is a narrow concept which treats human beings as a means to achieve an end which is higher productivity, failing which the investment is not considered to be productive.
Ques 3. how human capital formation take place ?
Education investment is recognised as one of the main sources of human capital along with other sources like health, migration, on-job training, and information.