What is human capital formation? How can people be turned into assets and not liabilities?
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➢ Human Capital Formation: Human capital formation is the process of adding to the stock of human capital over a period of time. It refers to development of abilities, skills, education and experience among the population of the county.
➢Unwanted capacity expansion and unrelated diversifications are now eating into profits. In some of these cases the value of these assets is less than the cost at which they were acquired, which makes them liabilities.
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