What is the role of education in human capital formation?

Question: What is the role of education in human capital formation?

Education is paramount in any situation, because without education we can only take care of ourselves. Education is very important in human capital formation too, because educated person is always helpful in building human capital according to his experience as compared to illiterate person. An educated person will always keep increasing his sources of income and will play an important role in the development of our country. An educated person always saves the society, so education is very important.

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