Question

what is the role of education in human capital formation?

Answer 1

Education is an important input for the growth of a person. It plays a majorrole 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.

Higher Education is a prerequisite for the production of highly competent experts, which in turn, contributes to the development of organizations and the economy at large. Higher Education therefore is expected to play an important and increasing role in the development of Human Capital of a nation.

hope it clarifies ur doubt dear friend ..

Answer 2

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.