Human capital formation as a concept is better explained in terms of a process which enables individ...........

Economic Affairs Growth and Indicators

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Human capital formation as a concept is better explained in terms of a process, which enables

individuals of a country to accumulate more capital.
increasing the knowledge, skill levels and capacities of the people of the country.
accumulation of tangible wealth.
accumulation of intangible wealth.

Which of the statements given above is/are correct?

1 and 2

2 only

2 and 4

1, 3 and 4

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Explanation:

Human capital can be developed through creation of skilled, trained and efficient labour force by providing better education, health care facilities, etc