Question

How does human capital formation improve quality of life?

Options

• Human capital formation improves quality of life as it provides better job, high income and improves health.

• It results in better standard of living.

• Both (1) and (2)

• None of the above

Answer 1

Both (1) and (2)

Explanation:

Human capital development increases people's quality of life by providing better jobs, higher income, and better health. It leads to an improved standard of living.