Identity the factor which will not promote 'Human Capital Formation':

Poverty

The correct answer is Option (1) → Poverty

Poverty typically inhibits human capital formation because individuals facing poverty often lack access to education, healthcare, and training opportunities, which are crucial for developing human capital.

Education: Education equips individuals with knowledge, skills, and abilities that are valuable in the labor market.

Health: Good health allows individuals to participate fully in education and training, and to be productive in the workplace.

On-the-job training : It provides workers with specific skills and knowledge required for a particular job or industry.