Question

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

Answer 1

$\huge\bigstar\underline\mathfrak{Answer:-}$

$\longrightarrow$Education is an important input for the growth of an individual.

$\longrightarrow$It plays a major role in human capital formation.

$\longrightarrow$It helps a person to realize his potential and ability to do the work.

$\longrightarrow$Educated people gain through higher incomes.

$\longrightarrow$Society also gain advantage of more educated population indirectly.

Answer 2

Answer:

The role of education in human capital formation are as follows: An educated society facilitate 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.

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