Question : Which factor is NOT responsible for human capital formation?

 

Option 1: Education

Option 2: Health

Option 3: Migration

Option 4: Infrastructure

Correct Answer: Migration

Solution : The correct answer is (c) Migration.

Human capital formation is the process of acquiring the knowledge, skills, and abilities necessary to be productive in the workforce. It is a long-term investment that can lead to higher incomes, better health, and greater economic growth.

The three factors that are most responsible for human capital formation are:

Education provides people with the knowledge and skills they need to be successful in the workforce. It also helps to develop critical thinking skills, problem-solving skills, and the ability to learn new things.

Good health is essential for productivity. People who are healthy are more likely to be able to work, and they are also more likely to be able to learn and to take on new challenges.

Infrastructure, such as roads, bridges, and schools, provides the foundation for economic growth. It also helps to connect people to jobs and to opportunities for education and training.

Migration is not a factor that contributes to human capital formation. In fact, migration can actually have a negative impact on human capital formation if it leads to a brain drain, where skilled workers leave a country for better opportunities elsewhere.