Question

What is human capital formation? Elaborate on one of the government initiatives on each of the dimensions.​

Answer 1

Answer:

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.

Answer 2

Answer:

In Simple words

Explanation:

Highlight two initiatives each of Indian government to enhance health and education facilities. ... When the existing human resource is further developed by becoming more educated and healthy, human capital formation takes place. It adds to the productive power of the country. Just like the physical capital formation.

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