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Saturday, 13 June 2015

What is the role of education in human capital formation

What is the role of education in human capital formation? 

Answer: Education plays an important role in human capital formation. Education improves the quality of human resources. An educated person is likely to contribute to the economy in a better way than an uneducated person. 

We should keep in mind that education does not only mean a formal education to obtain degrees but also means skill development.

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