Economy, asked by samarth180755, 1 year ago

What is the role of education in human capital formation?

Answers

Answered by digvijaychhawdi9

The role of education in human capital formation are as follows:

1. An educated society facilities better development than an illiterate one.

2. Education provides new aspirations and imports a modern outlook to children.

3. Education makes people concerned for themselves and others, improve productivity and prosperity , and enriches life experience.

4. It is not only contributes towards the growth of an individual but also helps in the development of the society as a whole.

5. Along with increasing the efficiency of the Government , education also increases the national income along with other cultural richness.

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Hope this help

soumyadip64: Also it can be. 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.

Answered by bhavyadeep31yad

1. If the people were educated then the society have a positive and raise points against the corruption, for women empowerment, etc. 2. They also help people in many things when the educator became doctors, etc, if they have good thoughts and not greedy so, they help the poor people also.

bhavyadeep31yad: Plzz mark as brainliest

samarth180755: Okk

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