What is the role of education in human capital formation ?

1.	What is the role of education in human capital formation ?
Answer» Education has vital role to play in human capital formation or in human development. (i) It helps a man to make all round development. (ii) It enables him to become a skilled worker and to get a higher pay than any illiterate worker. (iii) Education enables a man to be away from bad habits like drinking, gambling etc. which ruin his physical as well as mental health. (iv) Education is essential because it enables a man to follow the welfare family norms and not to enlarge his family and to lead the life of an animal. (v) Education helps a man to acquire good habits and to be a good citizen of his country. (vi) Educated parents are found to invest more on the education of their children. They are also conscious of proper nutrition and hygiene. (vii)Education opens new horizon for a child, provides new aspiration and develops values of a life in a far better way.

Answer»

Education has vital role to play in human capital formation or in human development.

(i) It helps a man to make all round development.

(ii) It enables him to become a skilled worker and to get a higher pay than any illiterate worker.

(iii) Education enables a man to be away from bad habits like drinking, gambling etc. which ruin his physical as well as mental health.

(iv) Education is essential because it enables a man to follow the welfare family norms and not to enlarge his family and to lead the life of an animal.

(v) Education helps a man to acquire good habits and to be a good citizen of his country.

(vi) Educated parents are found to invest more on the education of their children. They are also conscious of proper nutrition and hygiene.

(vii)Education opens new horizon for a child, provides new aspiration and develops values of a life in a far better way.

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