What is human capital formation?
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Human capital formation refers to the process of adding to the stock of human capital over time.
It is the process of acquiring and increasing the number of skilled and experienced people.
It is essential for the development of an economy.
Human capital formation is a process which converts human resources into human capital. It is the process of acquiring and increasing the number of people who have the skills, education, and experience which is necessary for the economic development of the country.
Human capital formation refers to the process of adding to the stock of human capital over time. It is the process of acquiring and increasing the number of skilled and experienced people. It is essential for the development of an economy.