Question

three importance of human capital formation in economic development​

Answer 1

Answer:

The term human capital formation implies the development of abilities and skills among the population of the country. In order to transform the liability of the huge size of population into assets adoption of various measures for human capital formation is very much essential.

Answer 2

Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. ... The concept of human capital is the realization that not everyone has the same skill sets or knowledge. Also, the quality of work can be improved by investing in people's education.