How is health a source of human capital formation?

By Ritesh|Updated : September 1st, 2022

Health is a source of human capital formation as a healthy person will always be more productive and contribute to the nation than an unhealthy person. Spending on health will directly provide a healthy workforce to the country.

The following are some reasons why having good health is crucial for developing human capital.

  • Only someone healthy can give their all.
  • A healthy individual works more effectively.
  • By performing valuable jobs, a healthy individual can contribute to the expansion and development of the economy.
  • A sick person turns into a liability for the company.
  • The realization of one's well-being depends on good health. Given the significance of health, the government prioritized improving population health.

According to the Universal Declaration of Human Rights, health is also an inalienable human right. Good health enables people to reach their full potential as children learn better and workers become more productive.

 

What is the Role of Health in Human Capital Formation?

The roles of health in the creation of human capital are as follows:

  • Only a healthy person can work efficiently and with full potential.
  • A healthy person can work more efficiently.
  • A healthy person can work productively and thus better contribute to developing the country's economy.
  • It improves the quality of our life.
  • A healthy person can perform his work correctly and efficiently.
  • A healthy person has a greater contribution to society than an unhealthy person.

Summary:

How is health a source of human capital formation?

Health is a source of human capital formation as a healthy person will be productive and contribute more to the nation when compared to an unhealthy one.

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