Question

what steps can be taken for human capital formation​

Answer 1

Answer:

Provision of health facilities which affect the life expectancy, strength, vigor, and vitality of the people. Provision of on the job training, which enhances the skill of the labor force. Arranging education at the primary, secondary, and higher levels.

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Answer 2

Answer:

The human capital formation is eyeing at the conversion of human resource into human assets.

Physical Capital: For development and enhancement of physical assets such as buildings, bridges, factories etc. all the inputs like tools, machinery, gadgets which are required are called Physical Capital.

Human Capital: Skillset, educational qualifications, subject knowledge, ability and expertise in the human resource of a nation at a point in time is called Human Capital.