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11th Class Chapter No 14 - Human Capital Formation in India in Economics for ISC

Sources of Human Capital

Human capital refers to the stock of health, knowledge, motivation, physical capital and skills of an individual that is used to produce economic value. Educationally qualified, healthy, trained and skilled workers engaged in the process of production.


Education is a process of teaching, training and learning, especially in schools and colleges in order to improve the knowledge and to develop skills. It is the crucial investment in human beings.

There is a difference between literacy and education. 


IntroductionHealth is the level of functional or metabolic efficiency of the living being. The World Health Organization (WHO) defines health as “a state of physical, mental and social well-being and not merely the absence of disease or infirmity”.
Posted in 11th on July 24 2020 at 08:07 AM


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