In what sense is education a type of capital?

Q: Suppose a new drug was discovered that slowed the deterioration of health that accompanies aging.…

A: A new drug was discovered that slowed the deterioration of health that accompanies aging.  The MEC…

Q: What is the difference between Theoretical and Applied Research?

A: Research can either be theoretical or applied.

Q: What is functional literacy?

A: Literacy is characterized as the ability to interpret and write as well as information of a…

Q: When Marx writes of labour and its values, he focusses on socially necessary labour. why?

A: Socially necessary labour In Marx's criticism of political economics, socially necessary labor time…

Q: Some economists say that profit earner is a kind of

A: To find : What is  profit earner type

Q: Does the government have implemented the Land Reform in the Philippines so that the landless would…

A: In the economy of Philippines, it can be seen that people were struggling with poverty and unfair…

Q: Which component of a research study is exemplified in the statement, This study identifies various…

A: Research study involves studying and analyzing the data and information about something.

Q: If education is so important, why don’t people/households as well as the government invest equally…

A: Education is a discipline that's involved with teaching and learning strategies in colleges or…

Q: List three steps you can take to help make the leap fromconsumer to business professional.

A: The three steps are listed below: ·         The idea of business should be completely clear to…

Q: An example of human capital would be: O A carpenter's saw. Workman's comp insurance. A computer. O…

A: Employers can increase the productivity of capital through spending in their employees, training,…

Q: Outline the benefits of encouraging a learning culture with the work team.

A: There are many benefits of encouraging a learning culture with the work team. a) Increasing employee…

Q: How would you recommend a high school student develop soft skills as an investment in their human…

A: Personal characteristics and attitudes that enable you to excel in the workplace, college, and life…

Q: Explain any four Economic condition for an increase in demand for education in a country over a…

A: Merely in the easy words the increase in the amount of the demand means in an economy that the…

Q: What are Positive Economic Profits?

A: For understanding the meaning of positive economic profit, we will first look into the concept of…

Q: 4.9 Going to Law School at the Age of 50. Although we might admire someone who decides to attend law…

A: The profit is maximized at the point where the marginal revenue is greater than the marginal cost.

Q: Education can play an important role in shaping individuals’ norms and values. In what way can the…

A: "Education is the process by which society provides a learner with knowledge, values and other…

Q: What are the two main factors that affect labor productivity?

A: The major two factors which are to be understood which affect the labor productivity are: Technical…

Q: How do we create a Economic system where wealth is generated in bottom 99 % population rather than…

A: An economic system is a method by which social orders or governments put together and circulate…

Q: Marx writes that “labour itself, … insofar as its purpose in general is the mere increase of wealth…

A: Karl Marx is one of the famous classical economists who highighted on the class struggle that arises…

Q: What is opportunity cost? As scarce resource, financial capital has opportunity cost. What…

A: Opportunity cost is associated with almost every resource used by individuals when making social and…

Q: Explain the theory that education acts as a signaling device. How does this contrast  with the…

A: In an economic transaction, the action of sending the information taken by individuals with more…

Q: Human capital is

A: Human capital is one of the important resources of many countries. Increase in human capital will…

Q: What is the relationship between class, different types of capital, and mobility??

A: The movement of people or groups in social positions over time is referred to as social mobility.…

Q: What is the “achievement gap”?

A: The achievement gap is the difference between academic performance of students.

Q: What is the 4th Industrial Revolution and Education 4.0 and its importance?

A: The fourth industrial revolution is of eliminating the boundaries between the physical, biological,…

Q: kinda elaborate further on LABOUR SKILLS as a factor firms should consider when deciding to invest…

A: Investment refers to the process where people or firms pay other firms or organizations in return…

Q: Explain and discuss the theory of the developmental state.

A: (Q) Explain and discuss the theory of the developmental state.

Q: What is capital and enlist the types

A: Meaning of Capital: The term capital under financial institution refers to the situation when an…

Q: How does a human capital investment in education increase your lifetime earning

A: Human capital investment in education helps in increasing the lifetime earning.

Q: Why are coal miners paid more than other workerswith similar amounts of education?

A: Wage differential describes the situation where different jobs are paid different wages depending…

Q: discuss/explain Transformational leadership.

A: Meaning of Managerial Economics: The term managerial economics refers to the process of a…

Q: Why isn’t money considered a capital resource in economics? Why is entrepreneurial ability…

A: In economics, the problem of scarce resources is addressed as these resources are essential to meet…

Q: What is Mixed Economic System?

A: A Mixed Market Economy or Mixed Market System is a combination of several parameters of market…

Q: How do you think the impact of technology in economics is changing the choices for future careers?…

A: Technology is growing very fast. In this present time every single work is now being done by machine…

Q: Explain the impact of education on labour productivity.

A: Productivity is determined by human capital. If human capital is more, the productivity will rise.

Q: What are some of the reasons that women are paid less than men, holding age and educational level…

A: In demographic, age means customers or target market's age is represented by this variable. This…

Q: What is the Relationship between Education and Human Capital?

A: Human capital means the knowledge and the application of skills that are required in the production.

Q: Suppose a new drug was discovered that slowed the deterioration of health that accompanies aging.…

A: A new drug was discovered that slowed the deterioration of health that accompanies aging.  The MEC…

Q: How might education raise a worker’s wage without raising the worker’s productivity?

A: Education plays important role in the formation of human capital. Human capital is the accumulation…

Q: What happens when you look at earnings per dollar spent to get an education?

A: The benefit received from the education is more than the cost. This is because education is…

Q: Stocks and bonds are examples of: a) natural resources. b) financial capital. c) physical capital.…

A: stocks and bonds are examples of financial capital