Question

what role does education play in human capital formation

Answer 1

Education has a vital role to play in human capital formation or in human resource development. It helps an individual to make better use of economic opportunities available before him. Education and skill are the major determinants of the earning of an individual in the market. Apart from these education has many other benefits such as, -

It helps a man to make all around development and opens the avenue of prosperity. 

It uplifts his abilities as a skilled worker and enables him to earn better. 

Education enables a man to get rid of bad habits. 

It helps a man to acquire good habits and become an ideal citizen for his country. 

Literate parents are aware of the benefits of education of their children. They are also conscious of proper nutrition and hygiene. 

Answer 2

Education shapes our present actions, our future plans and our past history which also develops in the future . Education is a very crucial to guide anyone to reach their goals through any success with an effort along , and the chance is very high. Example if you compare a person with masters to a person with only a high school diploma salary is totally different and there is huge gap amount between it. Educations helps you to better understand the world and with that being said education plays big role in human development and indeed it is a great to resource us.