what is the role of education in human capital formation?
Answers
Education contributes to the growth of the society. It enhances the national income, cultural richness and increases the efficiency of governance. Education helps an individual to make better use of the economic opportunities available before him/her. Education and skill are the major determinants of the earning of any individual in the market.
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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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