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Yogita Ingle 5 years, 3 months ago
Human capital refers to the stock of skill, ability, expertie, education and knowledge in a nation at a point of time
Human capital formation is the process of adding to the stock of human capital over a period of time.
Sources of human capital formation.
(i) Expenditure on education.
(ii) Expenditure on health.
(iii) On the job training.
(iv) Study programmes for adults.
(v) Migration and expenditure on information.
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