What is the role of education in human capital formation?
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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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Education plays an important role in human capital because educated humans earns more money then illiterate ones . They gets better opportunity and have good sense to complete work and they can perform many tasks which can't be performed by illiterate people.
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