Write a short note on important role of human capital formation
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Definition of human capital formation: Human capital formation is the act of increasing the productive qualities of the labor force by providing more education and increasing the skills, health, and notarization level of the working population.
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Education is an important source of human capital formation. It helps to improve the technical skills of the individuals and thus results in sustained economic development. ... Human capital formation increases the income of the individuals by enhancing their technical skills and generating more of job opportunities.
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