ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Role of health in human capital formation are as follow: Only a healthy person can work efficiently and with full potential. A healthy person can work in a more effective manner. A healthy person can work in a productive way and in this way it can contribute better in the development of the economy of the country.

Detailed explanation-2: -Health is a kind of human capital as well as an input to producing other forms of human capital. Being unhealthly depresses the ability to work productively and/or the ability and incentives to invest in human capital.

Detailed explanation-3: -Income and health depend upon the level of education, skill formation, etc. The formation of human capital increases these skills and improves the quality of life of the masses. Better quality of population means more economic growth.

Detailed explanation-4: -Skills, Qualifications, and Education. Work Experience. Social and Communication Skills. Habits and Personality Traits. Individual Fame and Brand Image.