Human Capital Formation is the process of increasing the stock of human capital. Human capital refers to the skills, knowledge, and health that people possess. Investments in education, training, healthcare, and nutrition contribute to human capital formation, enhancing the productivity and earning capacity of individuals.
What does it mean by Human Capital Formation ?
Asked in OPSC CS Prelims 2017 · Topic: Nature of Indian Economy (Demographic Profile and its Economic Implications)
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Answer: B. Development of abilities and skills of people
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