Question

What is the role of education in human capital formation?

Answer 1

Human capital refers to production skills embodied in workers. According to standard economics, human capital plays an important role in the economic process; on the one hand, human capital is as important as machines and technology in the production process; on the other hand, higher human capital implies higher labor productivity and higher incomes for workers; higher human capital also requires higher schooling years, which give workers the basic capacity to learn skills.

Answer 2

heya ....!
dude....
here is ur answer.....!

Education is an important input for the growth of a person. It plays a major role in capital formation, which connects the productive part of the country. It helps a person to realize his ability and ability to do one thing.The role of education in human capital formation are as follows: 1. An educated society facilities better development than an illiterate one.

thanks....!