Question

what is the role of health in human capital formation​

Answer 1

Answer:

Human capital formation is the process of transforming the people in a country into workers who are capable of producing goods and services. During this process, relatively unskilled individuals are given the tools they need to contribute to the economy. It is critical to the long-term economic growth of a country, and provides the same benefits as new technologies or more efficient industrial equipment. While this process takes time, it often results in a greater standard of living for the people within a country in just a few generations, or even sooner. This process can be achieved through the use of public health policies, education or training opportunities.

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Answer 2

Answer:

Health is another important input for human capital formation. The health of a person helps him to realise his potential and the ability to fight illness. An unhealthy person becomes a liability for an organisation indeed. Health is an indispensable basis for realising one's well-being. It not only improves the quality of life of an individual but also adds to the human resource development on which various sectors of national economy depend.

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