Question

what is the role of health in human capital formation ​

Answer 1

Answer:

Health plays an important role in human capital formation for the following reasons (i) Only a healthy person can perform to his full potential. ... (iii) A healthy person can contribute to the growth and development of the economy by doing productive work. (iv) An unhealthy person becomes a liability for an organization.

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Answer 2

A healthy person is someone who has a proper physical state, mental state and social well-being and not solely the absence of disease.

Human Capital Formation means the population attaining knowledge and using it effectively for their development.

The Role Of Health In Human Capital Formation

• A healthy person can only attain knowledge and use them effectively.
• A healthy person can work in a more productive way.
• A sick person will be unable to work properly because of a wrong physical or mental state, which will reduce their efficiency to work.
• A healthy person by working efficiently and productively can improve the national income.
• A healthy person can work in a way to withstand poverty. An increase in healthy people will reduce the rate of poverty in the nation.
• Healthy people can contribute to the development of economic growth.
• A healthy person can be assigned physical and mental work, which will increase government revenue by reducing expenditure.
• A healthy person is required to operate huge machinery and technologies for the betterment of the organisation which itself helps in the development of the economy in the nation.

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