Question

What is the role of education and health in human capital formation?
Please give me a short answer.

Answer 1

Explanation:

EDUCATION:

1)Education bears fruits in term of good job and salary.

2)Education increases the efficiency of the workers.

3)Education helps in increasing the mental horizon of the people.

HEALTH:

1)The health of a person helps him to realise his potential and ability to fight illness.

2)Good health increases the efficiency of a worker.

3)Good health increases the learning capacity of a worker.

Answer 2

Education

• Education was an important input for the growth.
• It opens new horizon for the children,provide new aspiration and developed values of life.
• Education contributes to the growth of the society.
• It enhances the national income,cultural richness and increases the efficiency of governance.

Health

• The health of a person helps him to realise his potential and the ability to fight illness.
• Unhealthy person becomes liability for an organization/nation.
• Health is an indispensable basis for realising one's well being.
• Good health enable the person to live efficiently.
• Healthy person is an asset for any organisation or nation as well.