What is the role of education in human capital formation CBSE Economics Class 9 NCERT Solutions

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What is the role of education in human capital formation? - CBSE Economics Class 9 NCERT Solutions

- Chapter 2: People as resource


By:Aparna-Dasgupta

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Education has a vital role to play in human capital formation or in human resource development. It helps an individual to make better use of economic opportunities available before him. Education and skill are the major determinants of the earning of an individual in the market. Apart from these education has many other benefits such as, -
It helps a man to make all around development and opens the avenue of prosperity. 
It uplifts his abilities as a skilled worker and enables him to earn better. 
Education enables a man to get rid of bad habits. 
It helps a man to acquire good habits and become an ideal citizen for his country. 
Literate parents are aware of the benefits of education of their children. They are also conscious of proper nutrition and hygiene. 

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