| Question | What is meant by human capital formation? State its various sources. |
| Chapter | Human Capital Formation |
| Class | Class 12 |
| Subject | Economics (Indian Economic Development) |
| Category | Indian Economic Development Class 12 Sandeep Garg Solutions |
Question – What is meant by human capital formation? State its various sources.
Answer –
Human capital formation is a process of acquiring and increasing the number of skilled, educated and experienced people who are important for economic, social and political development of the country.
Sources of human capital formation-
- Expenditure on Education
- Expenditure on Health
- Expenditure on On-the-Job Training
- Expenditure on Migration
- Expenditure on acquiring information
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