People As Resource

Question

What is the role of education in human capital formation?

Answer

Following are the role of education in human capital formation:

(i) Education bears fruits in term of good job and salary. 

(ii)Education increases the efficiency of the workers.
(iii) Education helps in increasing the mental horizon of the people.

(iv) Education enhances the national income, cultural richness and increase the efficiency of governance.

(v) Education encourages economic development through greater participation of the people in the affairs of the country.

Sponsor Area