What is the role of education in human capital formation?

Education is the most significant element of human resource development. It makes people capable of reading, writing, speaking and understanding.

1. It improves the level of understanding of various important aspects of life.

2. It is helpful in opening new scopes for the people in different fields and provides encouragement.

3. It develops knowledge, skill and value of life.

4. It is helpful in improving human behavior.

5. It is helpful in enhancing the total productivity of a labour.

6. It promotes rational and scientific outlook for the solution of problems faced by the country.