Question
Define human capital.
Solution
Human capital may be defined as the stock of 'skill and expertise' of a nation at a point of time.
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Define human capital.
Human capital may be defined as the stock of 'skill and expertise' of a nation at a point of time.
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What is meant by human capital formation?
Human capital formation is the process of adding to the stock of human capital over time.
Human capital formation is the process of adding to the stock of human capital over time.
Human stock formation = 25000-20000 = 5000.
What do you mean by the term 'sources of human capital formation?'
Sources of human capital formation means the determinants of human capital formation.
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