Question

what is the role of education in human capital formation?

Answer 1

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

Answer 2

Education plays a very important role in human capital formation. It's importance are:

•Educated people earns more than uneducated people.

•It leads to higher productivity.

•Educated people are an asset for the economy.

•They contributes to the growth of the society.

•It develops the value of life.