Question

what is known as Human
capital formation ? and
how is it different from physical capital formation
​

Answer 1

It refers to additional investments made in the form of sophisticated tools and Types of machinery.

Human capital formation implies additions to the skills, knowledge of the individuals. Its formation can lead toward improvement in physical capital.

tq

Answer 2

Answer:

#Human Capital Formation :

Knowledge has played a significant role in the development of mankind. Education, learning, training can be gained and spread through various means like music, books, movies, lectures, etc. It has already been proved that the businesses initiated by the educated and skilled individuals are always productive than that started by the unskilled person. Therefore, the income earned by the skilled person is more than the unskilled person, similarly, the contribution to the nation’s economy is more from the skilled person than from the latter.

#for difference between the human capital formation and physical capital formation have a look to the attached image......

#you got the exact and so you needed......

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