Question

what is the role of education in human capital formation ​

Answer 1

Education helps in the human capital formation in the following ways:

Investment in education of human resource results in the formation of human capital.

One can earn higher income because of higher productivity of the more educated or better trained persons, thus contributing towards human capital formation.

Investment in human resource via education and medical care can give higher rates of return in the future.

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Answer 2

Answer:

Education is the most powerful tool which can help us to change the world....

Explanation:

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