Education is sometimes referred to as “human capital.” In what sense is education like capital goods?
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Education is sometimes referred to as “human capital.” In what sense is education like capital goods?
Education is sometimes referred to as “human capital.” In what sense is education like capital goods?
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Answer:
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Answer:
Education is an engine of growth and key to development in every society, based on its quality and quantity. ... The focus on education as a capital good related to the concept of human capital, which emphasizes that the development of skills is an important factor in production activities.