What do you mean by expenditure on health in human capital formation?
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Health expenditure is a source of human capital formation as a healthy workforce will be more productive than a unhealthy one. Thereby, health expenditure increases supply of healthy labour force and greater productivity and efficiency.
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Health expenditure is a source of human capital formation as a healthy workforce will be more productive than a unhealthy one. Thereby, health expenditure increases supply of healthy labour force and greater productivity and efficiency.
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