Explain the role of education in human capital formation
Asked by admin @ in Social Sciences viewed by 304 People
What is the role of education in human capital formation?
NCERT Class 9th Economics Social Studies Ch 2 People as Resource
Answered by admin @
The role of education in human capital formation are as follows:
1. An educated society facilities better development than an illiterate one.
2. Education provides new aspirations and imports a modern outlook to children.
3. Education makes people concerned for themselves and others, improve productivity and prosperity , and enriches life experience.
4. It is not only contributes towards the growth of an individual but also helps in the development of the society as a whole.
5. Along with increasing the efficiency of the Government , education also increases the national income along with other cultural richness.
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