What is human capital formation?
When human resources are transformed into human capital, this is known as human capital formation. It involves acquiring and increasing the estimation of a skilled, educated, and experienced population, which is crucial for the country’s economic development.
What is the role of health in human capital formation?
Excellent health can lead to outstanding performance, so it’s crucial for human capital growth. A healthy individual is likely to realize their full capabilities and make a financial contribution to society. An unhealthy individual cannot reach his full potential; therefore, he may become a liability for an organization and the economy. “Health is wealth,” as the proverb goes, suggests that being healthy increases one’s vitality, productivity, and income.
First, it is important to define human capital production so that we can better comprehend the role that health plays in it. In this article you will find What is the role of health in human capital formation?
Table of Content
- What is human capital formation?
- Sources of Human Capital Formation
- Physical and mental health in human capital formation
- The Role of Health in Human Capital Formation