Which among the following is considered as one of the main sources of Human Capital ?

Education

The correct answer is option (1) : Education

"Investment in education is considered as one of the main sources of human capital. There are several other sources as well. Investments in health, on- thejob training, migration and information are the other sources of human capital formation."

Human capital refers to the knowledge, skills, abilities, and other intangible assets that individuals possess. Education plays a crucial role in developing human capital by providing individuals with knowledge, skills, and capabilities that enhance their productivity and contribute to economic growth and development.

While Wealth and Migration can indirectly influence human capital through various means such as access to resources or diverse experiences, and On-the-Job Training directly enhances skills and knowledge, Education specifically focuses on formal and structured learning that systematically enhances human capital. Thus, Education is the primary source among the options listed.