Question

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➷$\bf\huge\red{Define the term "Human Capital Formation"}$ ​

Answer 1

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Human capital formation is the process of transforming the people in a country into workers who are capable of producing goods and services. During this process, relatively unskilled individuals are given the tools they need to contribute to the economy

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$<marquee \: behaviour = alternate><font \:color =red>♣️Mr.nawabzade♣️$

Answer 2

Human capital formation refers to the acquisition of the necessary kowledge, skills and capabilities required to produce economic value. It is of critical importance for the growth of an economy. 

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