what is human capital formation class 9
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Human capital formation is the process of transforming the people in a country into workers who are capable of producing goods and services. During this process, relatively unskilled individuals are given the tools they need to contribute to the economy.
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what is human capital formation
ʜᴜᴍᴀɴ ᴄᴀᴘɪᴛᴀʟ ꜰᴏʀᴍᴀᴛɪᴏɴ ɪꜱ ᴛʜᴇ ᴘʀᴏᴄᴇꜱꜱ ᴏꜰ ᴛʀᴀɴꜱꜰᴏʀᴍɪɴɢ ᴛʜᴇ ᴘᴇᴏᴘʟᴇ ɪɴ ᴀ ᴄᴏᴜɴᴛʀʏ ɪɴᴛᴏ ᴡᴏʀᴋᴇʀꜱ ᴡʜᴏ ᴀʀᴇ ᴄᴀᴘᴀʙʟᴇ ᴏꜰ ᴘʀᴏᴅᴜᴄɪɴɢ ɢᴏᴏᴅꜱ ᴀɴᴅ ꜱᴇʀᴠɪᴄᴇꜱ. ᴅᴜʀɪɴɢ ᴛʜɪꜱ ᴘʀᴏᴄᴇꜱꜱ, ʀᴇʟᴀᴛɪᴠᴇʟʏ ᴜɴꜱᴋɪʟʟᴇᴅ ɪɴᴅɪᴠɪᴅᴜᴀʟꜱ ᴀʀᴇ ɢɪᴠᴇɴ ᴛʜᴇ ᴛᴏᴏʟꜱ ᴛʜᴇʏ ɴᴇᴇᴅ ᴛᴏ ᴄᴏɴᴛʀɪʙᴜᴛᴇ ᴛᴏ ᴛʜᴇ ᴇᴄᴏɴᴏᴍʏ..
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