Social Sciences, asked by Aayushhunter, 1 year ago

what is human capital formation

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Answered by TheValkyrie

19

When the existing human resource becomes more healthier and educated we call it human capital formation.

Answered by Yeshna

8

Human capital refers to stock of 'skill and expertise' embodied in humans. Human capital is as important as physical capital for economic development. Human capital formation is the process of adding to stock of human capital over time. ... Expenditure on health can create more efficient and more productive human capital.

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