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What is the Role of Education in Human Capital Formation?

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The role of education in human capital formation are as follows:
What is the Role of Education in Human Capital Formation?

  1. Education increases national income and other cultural richness
  2. educated society facilitate better development program than an illiterate.
  3. Educated society facilitate better development program than an illiterate.
  4. Education provides new aspirations and imports a modern outlook to children.
  5. Education helps in increasing the mental horizon of the people.
  6. Education increases the efficiency of the workers.
  7. A healthy person can contribute to the growth and development of the economy by doing productive work.

Conclusion

Having education in an area helps people think, feel, and behave in a way that contributes to their success, and improves not only their personal satisfaction but also their community.

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