Question

What is the role of Education in human capital formation? Explain in three simple points.

Answer 1

Answer:

Human capital refers to the stock of skill and productive knowledge embedded in a population. Proper education enables the formation of human capital . The population of the country acts as an asset, a resource.

Educated individual make proper use of available resources and opportunities as well.Hence, education education benefits the society as well as wealth and economy of the country.Thus, education plays an important role of catalyst information of a human being into a resource that soon becomes a positive asset for the country.

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