Question

Which type of investment is known as human capital investment?

Answer 1

It is the investments in varied domains which will help in turning human resources into human capital.

What is Human Capital?

• Human Capital are competent people well trained and educated professionals.
• Countries need requisite human capital.
• Through education, a country can turn human resources such as students into human capitals like Engineers, Doctors, Professors, Scientists, Teachers, Nurses etc.

Sources of Human Capital Formation

Some of the sources of human capital formation are given below:

• Information
• Investments in health
• Investment on the job training
• Investment in education
• Migration