Solution

Human capital and economic growth are interrelated to each other as capital formation helps in speeding up the economic growth and which facilitates formation of human capital. The relation between economic growth and human capital formation can be shown below:

1. A skilled worker will enhance the productivity which will result in better production and numbers, the immediate impact of high quality goods is revenue generation which helps in growth of an economy.

2. An educated and skilled worker may come up with innovative solutions which will result in reduction of cost and process optimisation. It will result in economic growth.

3. People with higher technical skills are able to motivate more to follow the same path and this brings involvement which will help in economic growth and development of the nation.