What is the role of education in human capital formation?
What is the role of education in human capital formation?
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Education is the most important component of human resource development.
→Proper education and training enable the formation of this human capital. An educated population is an asset, a resource.
→ Education enhances the quantity and quality of individual productivity, which in turn adds to the growth of the economy.
→It develops personality and sense of national consciousness among the people which are important for rapid economc growth.
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