What is meant by human capital formation? State its various sources.

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-

  1. Expenditure on Education
  2. Expenditure on Health
  3. Expenditure on On-the-Job Training
  4. Expenditure on Migration
  5. Expenditure on acquiring information

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