This document discusses the concept of human capital, how it differs from physical capital, and how human capital formation contributes to economic development. It covers the introduction, definition of human capital, sources and challenges of human capital formation, and conclusion. Human capital refers to the skills, expertise, and education of a nation's population that contributes to production, unlike physical capital such as machinery.

1. PRESENTED BY:
PRIYANKA LUHANA PART-1

2.  INTRODUCTION
 CONCEPT OF HUMAN CAPITAL
 DIFFERENCE BETWEEN HUMAN & PHYSICAL
CAPITAL
 CONCEPT OF HUMAN CAPITAL FORMATION
 ROLE OF HUMAN CAPITAL IN ECONOMIC
DEVELOPMENT
 SOURCES OF HUMAN CAPITAL FORMATION
 CHALLENGES IN HUMAN CAPITAL FORMATION
 CONCLUSION

3. ❑Human capital refers to the stock of “skill
and expertise” of a nation at a point of time.
❑In other word ,It is the sum total of skill and
expertise of engineers,doctors,professors who
are engaged in the process of
production(goods & services).

6. “Human capital formation is the process of acquiring and increasing the number of persons
who have the skill ,education and experience which are essential for the economic and political
development of a country.”
-G.M. Meier

16.  https://youtu.be/jtipZZE_LDQ