What is the role of Education in Human Capital Formation?

Education builds skills and knowledge, which are essential for human capital formation, making people more productive and valuable.

What Is Human Capital?

Human capital refers to the skills, knowledge, and abilities possessed by people that contribute to economic productivity.

How Education Contributes

• Skill Development: Education teaches technical and soft skills required for jobs.
• Improves Productivity: Educated people work more efficiently and innovate.
• Health and Social Benefits: Education improves health awareness and social participation.

Economic Growth and Education

Countries with higher education levels have faster economic growth due to a skilled workforce.