Choose the given statement as true/false:

Education plays an important role in human capital formation

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Detailed Solution

The above statement is true.
The procedure of turning a country's populace into people who can produce items and offerings is known as "human capital formation." Unskilled humans are given the assets they need to contribute to the economy in this manner. The contribution of training to the development of human capital is: that people who've extra training are more capable of taking advantage of their financial opportunities. Education is an important issue for growth. New life values and goals are provided. Some careers are best open to educated and qualified individuals. It offers up all viable painting possibilities. Women with advanced degrees and capabilities receive pay on par with men.

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