What is role of health in human capital formation explain in it brief. please reply fast
Answers
Answer:
Explanation:
In this article we will discuss about Human Capital Formation. After reading this article you will learn about: 1. Meaning of Human Capital Formation 2. Importance of Human Capital Formation 3. Composition.
Meaning Human Capital Formation:
The term human capital formation implies the development of abilities and skills among the population of the country. In order to transform the liability of the huge size of population into assets adoption of various measures for human capital formation is very much essential.
According to Harbison, the human capital formation indicates, “the process of acquiring and increasing the number of persons who have the skills, education and experience which are critical for the economic and the political development of the country. Human capital formation is thus associated with investment in man and his development as a creative and productive resource.”
What is role of health in human capital formation explain in it brief.
Explanation:
Role of health in human capital formation are as follow:
Only a healthy person can work efficiently and with full potential.
A healthy person can work in a more effective manner.
A healthy person can work in a more effective manner.A healthy person can work in a productive way and in this way it can contribute better in the development of the economy of the country.
The unhealthy person becomes a liability for the organization and country.Thus for the development of human capital and country the health is the most important component.
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