Get a free home demo of LearnNext

Available for CBSE, ICSE and State Board syllabus.
Call our LearnNext Expert on 1800 419 1234 (tollfree)
OR submit details below for a call back

clear

Adithyan Sanal

Feb 5, 2015

WHAT IS HUMAN CAPITAL FORMATION?

WHAT IS HUMAN CAPITAL FORMATION?

Answers(1)

Answer

Aruna kumari Sripada

Human capital formation is the process of transforming the people in a country into workers who are capable of producing goods and services. During this process, relatively unskilled individuals are given the tools they need to contribute to the economy. It is critical to the long-term economic growth of a country, and provides the same benefits as new technologies or more efficient industrial equipment. While this process takes time, it often results in a greater standard of living for the people within a country in just a few generations, or even sooner. This process can be achieved through the use of public health policies, education or training opportunities.
Like NextGurukul? Also explore our advanced self-learning solution LearnNext
Offered for classes 6-12, LearnNext is a popular self-learning solution for students who strive for excellence
Explore
Animated Video
lessons
All India
Test Series
Interactive Video
Experiments
Best-in class
books

Join India's most happening

Educational community