Question

what is the role of education for the formation of human capital​

Answer 1

The role of Education plays a vital role as:

1 One should be sent to school.

2 If the person gets educated

3 He/She can get abilities,skills,knowledge

4 If a person has knowledge he/she can apply for better and good colleges or universities

5 If a person get a good college one may get a scholarship

6 If one’s get passed from a good college they apply for a good job

7 They get a good sallary

8 If they get good sallary they can get a better way of living

9 They get all supplies like food,water etc

10 They earn a better living

11 The total productivity adds to the growth of the economy

12 They become asset

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Answer 2

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Education plays a very important role in human capital formation for the following reasons:

1. An educated human can be considered an asset for the economy and not a liability.
2. Education can help an individual make better use of economic opportunities. It helps in enhancing the national income, cultural richness and increases the efficiency of the Government.
3. It enhances individual productivity in terms of quality and quantity.
4. Because being educated can help the economic status of an individual, it also develops the consciousness towards society.
5. An educated person is also aware of health and hygiene, and it will ultimately result in better health of the people of a country.