what is the main difference between human capital and human capital formation for class 9th economics
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capitalism is an economic system in Wich means all your production are ownned and operated by go ernment
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Human Resource
The people of a country are known as human resource.
It may or may not contribute significantly to the economy of a nation.
Human capital formation
Healthy and educated human population is known as human capital.
It contributes significantly to the economy of a nation.
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