what is the role of education in human capital formation
Answers
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✧ᴛʜᴇ ʀᴏʟᴇ ᴏғ ᴇᴅᴜᴄᴀᴛɪᴏɴ ɪɴ ʜᴜᴍᴀɴ ᴄᴀᴘɪᴛᴀʟ ғᴏʀᴍᴀᴛɪᴏɴ ᴀʀᴇ ᴀs ғᴏʟʟᴏᴡs: ᴇᴅᴜᴄᴀᴛɪᴏɴ ᴍᴀᴋᴇs ᴘᴇᴏᴘʟᴇ ᴄᴏɴᴄᴇʀɴᴇᴅ ғᴏʀ ᴛʜᴇᴍsᴇʟᴠᴇs ᴀɴᴅ ᴏᴛʜᴇʀs, ɪᴍᴘʀᴏᴠᴇ ᴘʀᴏᴅᴜᴄᴛɪᴠɪᴛʏ ᴀɴᴅ ᴘʀᴏsᴘᴇʀɪᴛʏ , ᴀɴᴅ ᴇɴʀɪᴄʜᴇs ʟɪғᴇ ᴇxᴘᴇʀɪᴇɴᴄᴇ. 4. ɪᴛ ɪs ɴᴏᴛ ᴏɴʟʏ ᴄᴏɴᴛʀɪʙᴜᴛᴇs ᴛᴏᴡᴀʀᴅs ᴛʜᴇ ɢʀᴏᴡᴛʜ ᴏғ ᴀɴ ɪɴᴅɪᴠɪᴅᴜᴀʟ ʙᴜᴛ ᴀʟsᴏ ʜᴇʟᴘs ɪɴ ᴛʜᴇ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ᴏғ ᴛʜᴇ sᴏᴄɪᴇᴛʏ ᴀs ᴀ ᴡʜᴏʟᴇ.
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Question :-
What is the role of education in formation of human capital
Answer :-
The role of education in human capital formation are as follows:
1. An educated society facilitate better development program than an illiterate one.
2. Education improves productivity and prosperity, and also improve enriched life experience.
3. It does not only contribute towards the growth of the people but also the development of society as a whole.
4. Education increases national income and other cultural richness.
Hope it helps ❤ Mrk as brainliest