Question

What is the main difference between 'Human Capital' and Human Capital Formation' ?

Answer 1

Dear Student,

The main difference between the Human Capital and Human Capital Formation is of contribution to economy of a nation.
So Human Capital or human resource is the people living in a country that may or may not contribute to the nation's economy in a significant manner. WHEREAS
Human Capital Formation are the capable people in terms of health and education. And it definitely and significantly contribute to the economy of a nation.

Regards.