write the role of following in human capital formation? 1) role of health 2) role if education 3) role of training.
Answers
1. I don’t like the designation “human capital” as, like in “human resources” it shows a kind of considering humans as “things” or, possibly “cattle”, mere “assets”.
As the aforementioned goes, I would however say (as a post-graduate Education and also as a certified Engineer):
Education = capital (in terms of what the person can understand, think and do).
Better education = more capital.
Got the point?
2.
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. (ii) A healthy person can do the work in a more effective manner. (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. Indeed health is an indispensable basis for realising one's well being. Realising the importance of health, improvement in the health status of the population has been the priority of the government.