Differentiate between Human capital and Human capital formation.

Answer to be written

Human Capital

Human Capital Formation

1. The capabilities of labour including skills , working capacity , and intelligence are referred to as the human capital of that country.

1. Educating and providing health facilities to the population to make them educated and healthy to work is referred to as Human capital formation .

2. It is not necessary that every human contributes to the economy of that country .

2. Educated and Healthy humans contribute significantly to the economy of that country .


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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.