What is human capital investment? How it results in human capital formation?
Answers
Answer:
Human Capital, also known as Human Resource is the backbone of any nation. These human resources mainly consist of students who gradually turn into accountants, engineers or doctors. These students depending on their efficiency and capability become a Human Assets for the country.
Explanation:
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:
Human capital investment the collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community: Education is an investment in human capital that pays off in terms of higher productivity.
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