Question

what is human capital and how it is superior to other resource?

Answer 1

Education is an important input for the growth of an individual.It plays a major role in capital formation, that adds to the productive part of the country.It helps a person to realize his potential and the ability to do a work.Educated people gain through higher incomes.Society also gains through other indirect ways because the advantages of a more educated population spreads to those who themselves are not directly educated.