What is the role of education in human capital formation?

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asked Jan 13, 2018 in Economics by Ankit Agarwal (28,847 points) 7 31 67

What is the role of education in human capital formation?

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0 votes
answered Jan 13, 2018 by Ankit Agarwal (28,847 points) 7 31 67
 
Best answer

Education is the most important component of human resource development.

→Proper education and training enable the formation of this human capital. An educated population is an asset, a resource.

→ Education enhances the quantity and quality of individual productivity, which in turn adds to the growth of the economy.

→It develops personality and sense of national consciousness among the people which are important for rapid economc growth.

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