Question

What is the role of education in human capital formation?OrExplain the role of education in human capital formation.​

Answer 1

$\Large{\underline{\underline{\bf{Answer:-}}}}$

• Education is one of the main factors of economic and social development.
• Education helps in increasing mental state of the people and is a must to develop human personality.
• Education helps in the development of science and technology.
• Education encourages economic development through greater participation of the people in the affairs of the country.
• Education increases the efficiency of the workers.
• It enhances the national income, cultural richness

$\Large{\underline{\underline{\bf{Thanks}}}}$

Answer 2

Answer:

 An educated society facilitates a better development program than an illiterate one. Education improves productivity and prosperity, and also improve enriched life experience.  Education increases national income and other cultural richness.