economicsWhat is the role of education and health in human capital formation?

What is the role of education and health in human capital formation?


  1. A
    Better development of economy
  2. B
    Worst effect on the economy
  3. C
    No effect
  4. D
    Little bit development 

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    Solution:

    The role of education and health in human capital formation is better development of the economy. Education and good health improve productivity and prosperity and enrich life experiences. Education and good health increase the efficiency of the government, as it increases national income along with cultural richness. Educated people can lead a higher standard of living and attain a social reputation along with new opportunities. It enhances the aspirations and values for life. It helps an individual to have access to better opportunities. Highly educated and skilled women are paid on par with men.
     
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