Bhupendra
  • 0

What is the role of education in human capital formation?

  • 0

NCERT Solutions for Class 9 Social Science
Chapter 2 People as Resource
Question 3. Page No. 27
NCERT Academic Session 2023-2024

Description:
Human capital formation is the process of developing skills, knowledge, and health among individuals through education and healthcare, essential for economic growth and societal progress in economics.

Share

1 Answer

  1. Here are the key roles of education in human capital formation in bullet points:

    – Skill Development: Education imparts skills and knowledge, enhancing human capabilities.
    – Productivity Boost: Educated individuals tend to be more productive in their work.
    – Innovation and Creativity: Education fosters innovation and critical thinking skills.
    – Enhanced Employability: Educated individuals have better job prospects and higher earning potential.
    – Health and Social Development: Education correlates with better health and societal progress, contributing to overall development.
    – Adaptability and Learning: It equips individuals with the ability to adapt and learn new skills, essential in evolving work environments.

    • 16
Leave an answer

Leave an answer

Browse