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Question
What is the role of health in human capital formation?
Answer in Brief
Solution
Human capital refers to the stock of skill and productive knowledge embodied in a population. This skill and product knowledge is provided with the help of proper education and training. However, the benefits of education alone do not lead to the creation of human capital.
A human population that is educated but unhealthy cannot realise its potential. An unhealthy population is a liability and not an asset. Hence, health is an indispensable basis for realising one’s well-being.
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Quality of Population
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