Human Capital Formation In India — Economics STD 12 Humanities & Commerce — Question
Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsHuman Capital Formation In India3 Marks
Question
Explain the role of education in human capital formation.
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Answer
Education is very essential for human capital formation. It is the most effective way of enhancing and enlarging the productive workforce of the country. The benefits of education far exceed the cost of education and the difference between the two is the value of human capital formation.
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