Question

What factors contribute to human capital formation?

Answer 1

The following factors contribute to the formation of human capital:

(1) Health-related expenditure

(2) work training

(3) expenditure on immigration

(4) information

(5) expenditure on education

The intention of human capital formation is to make available and increase the number of people who are skilled, educated, and experienced. Capital formation is very essential for the economic development of a country.

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