What is the role of health in human capital formation?
Things you will learn about
Today we are going to learn about the general question, What is the role of health in human capital formation?. There are so many search queries about this topic on google., especially students and researchers who are searching for it more.
This is a general topic and there are some websites that have given answers in a short and beautiful way. But we will elaborate it more as you can add some additional information in your papers and also you will get a better understanding of human capital formation.
What Is Health?
We all know about the word “Health“, There are so many definitions of health according to different authors and organizations. But we have to consider the WHO definition of health for educational purposes.
Definition Of Health According To World Health Organisation
Health is a state of complete physical, mental and social well-being and not merely the absence of disease or infirmity. The enjoyment of the highest attainable standard of health is one of the fundamental rights of every human being without distinction of race, religion, political belief, economic or social condition.
In simple language, health is a state of life without any mental illness and without any physical illness of the human body. If you have a healthy body but do not have a healthy mind or have some mental condition like depression, anxiety, or other condition you won’t be able to enjoy your state of life.
We suggest reading our article based on how to improve mental health without medication?
Also if you have a healthy mind without any mental conditions but you are suffering from some kind of disease or with another type of physical illness, in this condition you also won’t be able to enjoy your state of healthy life.
In the definition, we have also told about social well-being, which can also play a major role to make you unhealthy.
What Is Human Capital Formation?
Before you learn about human capital formation. you should know about human capital first.
What Is Human Capital?
Human capital refers to the skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.
Human capital can help the country in many ways, this will ultimately lead to better development and further progress of the country in positive ways.
What Is The Role Of Health In Human Capital Formation?
Health plays a major role in human capital formation. The country needs better and better health conditions to form a good human capital.
Health can help in the following ways in human capital formation.
Only a healthy person can work efficiently and with full potential.
If you need a good output in any work you do, first you have to put your all efforts into the work. And to put your all efforts you must need a healthy body, with a healthy mind. A healthy body gives you the strength to do work where ever you have to do more physical work like in industries.
And a healthy mind can help you by providing creative ideas and also your mind gets trained daily if you put your efforts consistently. This leads to work with efficiency and with full potential and ultimately you get a good result at the end.
A healthy person can work in a more effective manner.
If we give some tasks to 3 different people, from this 1st person is completely healthy with mind and body.
2nd has a healthy body but suffering from social anxiety, which is related to the mental aspect.
Here we also suggest reading another article based on yoga and pranayama for mental health benefits.
If we look at the end result of these three people, 1st person will do work in a good and effective manner.
Where else 2nd person will do work but the not in an effective manner. There are such people also who will do great work in their line of interest but here the condition is different.
Where the 3rd person can not do work properly due to physical illness, this physical illness can also distract his/her mind which affects the manner of doing the work.
A healthy person can work in a productive way and in this way it can contribute better to the development of the economy of the country.
A healthy person can work in such a productive way, that we can sometimes achieve unbelievable results. But we have included a healthy person. This will only come where a person can get good health and care facilities, which is necessary for good health.
For example in one company, there are two batches of workers is available. From these two batches, the first batch remains healthy by getting enough and good health care facilities.
Where second in second batch only 75 people remain health rest 25 people have some illness and do not get enough and good health care facilities. So this will lead to a decrease in the production of the second batch of the company. Ultimately finally when we combine the production of both batches, we do not get the results we want.
This can affect the economic status of the company, which also contributes to the development of the country.
We hope you get an understanding about what is the role of health in human capital formation, Health, and Human capital. If you have any doubts or questions feel free to ask your queries in the comments section.