Choose the given statement is True/False

Education and human capital are not interrelated.

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True

False

answer is B.

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Detailed Solution

The given statement is false.
Education plays a significant role in the formation of the human capital of any country. People can be turned into productive resources only when they have access to proper Education. It helps in turning people into the human capital of a nation. Education is one factor that allows high-yield returns to the country both in the field of national income and in the social progress of a country. People who are educated also ensure that their children are well educated so they can also help in the development of the economy. Hence the correct statement would be, Education plays a significant role in the formation of human capital.

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