What is the role of health in human capital formation?

Explanation: Sick labor cannot produce quality goods, and it is also a loss of the productive capacity of the economy. A healthy workforce ensures the supply of human capital for the country's economic development.

Preventive medicine (vaccination), curative medicine (medicine intervention during illness), social medicine ( spread of health literacy), clean drinking water, and good sanitation facilities are health expenditures.

Final Answer: Health plays an important role in human capital formation. It increases the capacity of workers, enhances productivity, and is a good indicator of human development.