Question

what is human capital formation class 9
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Answer 1

Answer:

Meier defines Human Capital Formation as “human capital formation is the process of acquiring and increasing the number of persons who have education and experience which is essential for the economic and political development of a country”.

Answer 2

Explanation:

Human capital formation is the process of adding to the stock of human capital over time.

Human capital can be developed through the creation of skilled, trained, and efficient labor force by providing better education, health care facilities, etc. Highly skilled people can create new ideas and methods of production.

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