Question

What is the role of health in human capital formation?

Answer 1

Health plays an important role in human capital formation due to the following reasons

• To perform to the fullest the person should be in a good health and thus gain potential to do the work.
• Effective work is only done by a healthy person.
• A healthy person can contribute to the growth and development of the economy by doing productive work.
• An unhealthy person becomes a liability for an organization.