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Define the term human capital formation

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Define the term human capital formation

Posted by Basanti Devi 5 years, 8 months ago

CBSE > Class 09 > Social Science

1 answers

Gaurav Seth 5 years, 8 months ago

Human capital formation is the process of transforming the people in a country into workers who are capable of producing goods and services. During this process, relatively unskilled individuals are given the tools they need to contribute to the economy.

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CBSE > Class 09 > Social Science