Question

what is the role of education in human capital formation?

Answer 1

According to standard economics,human capital plays an important rolein 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 ...

Answer 2

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.

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