Consider the following statements: Human capital formation as a concept is better explained in terms of a process, which enables- 1) individuals of a country to accumulate more capital 2) increasing the knowledge, skill levels and capacities of the people of the country 3) accumulation of tangible wealth 4) accumulation of intangible wealth Which of the statements given above is/are correct?

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CollectorBabu · Accepted Answer

Correct Answer: 2 and 4. ● Human capital formation as a concept is better explained in terms of a process, which enables increasing the knowledge, skill levels and capacities of the people of the country. ● Examples of tangible wealth are materials that are visible and easily quantifiable. ● On the other hand, things that are intangible are immaterial, unseen, and not easily quantified. So, it is also related to human capital formation.

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