ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Human capital is said to include qualities like an employee’s experience and skills. Since all labor is not considered equal, employers can improve human capital by investing in the training, education, and benefits of their employees.

Detailed explanation-2: -Funding college or continuing education scholarships is a long-term investment in human capital. By providing these scholarships, companies build relationships with both the current and future workforce.

Detailed explanation-3: -Investing in people through nutrition, health care, quality education, jobs and skills helps develop human capital, and this is key to ending extreme poverty and creating more inclusive societies.

Detailed explanation-4: -Investing in human resources mean investing in resources like health and education so that the quality and skills of the people are improved.

Detailed explanation-5: -The role of education in human capital formation are as follows: An educated society facilitate better development program than an illiterate one. Education improves productivity and prosperity, and also improve enriched life experience.