MCQ. Which of the following statements is/are correct? 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 people of the country.
- Accumulation of tangible wealth.
- Accumulation of intangible wealth.
(a) Both 1 and 2
(b) Only 2
(c) Both 2 and 4
(d) 1, 3 and 4
Answer: (c) Both 2 and 4