when does human resource devlop to human capital formation
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Explanation:Human capital formation is the process of adding to stock of human capital over time. Human capital can be developed through creation of skilled, trained and efficient labour force by providing better education, health care facilities, etc. Highly skilled people can create new ideas and methods of production.
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Human resources are the people who make up the workforce of an organization, business sector, or economy. "Human capital" is sometimes used synonymously with "human resources", althoughhuman capital typically refers to a narrower effect (i.e., the knowledge the individuals embody and economic growth).
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