Question

What is the role of education being human capital formation?

Answer 1

The role of education in human capital formation are as follows:

1. An educated society facilities better development than an illiterate one .

2. Education provide new aspirations and imports a modern outlook to children .

3. Education make sure people concerned for themselves and other, improve productivity and prosperity, and an riches life expensive.

4. It is not only contribute s towards the growth of an individual but also helps in the developing of the society as a whole.

5. Along with increasing the efficiency of the government, education also increases the national income along with other richness.

Answer 2

Answer:

Education allows an individual to increase his skills there by increasing the quality of his labour.

This improve s his value in the job market and takes a higher salery.

The individual then contribute in the improvement in production and thus, increaseing the economy of a country.

Explanation:

the investment made in education cause a higher earning and greater contribution to the economy of the country

Hope it helps you..