what is the role of education in human captial formation
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Answer:
Explanation:
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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Answer:
The focus on education as a capital good related to the concept of human capital, which emphasizes that the developmentof skills is an important factor in production activities. It is widely accepted that education creates improved citizens and helps to upgrade the general standard of living in a society.
Explanation:
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