Question

what factors are responsible for human capital formation​

Answer 1

Answer:

standard and quality of living but also encour¬ages modern attitudes of people. Moreover, education increases the productive capacity and productivity of a nation's workforce by honing their skillsis essential as physical capital cannot produce goods and services on their own. Human Capital is one of the most important factors of production because of the following reasons : 1. All other factors of production are created by human capital and depends upon it.

Answer 2

Factors that contribute to human capital formation are as follows :

(i) Education

(ii) Health

(iii) On-the-job training

(iv) Migration