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They are a kind of human capital and they are called that because, like machinery, they are long-duration inputs that affect the productivity of labour.

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Q: Why are education and training consider a kind of capital?
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Kind of capital involving skills and knowledge gained by a worker?

Human Capital


How do you improve knowledge and skills in real estate?

Improving your skills and knowledge in a certain niche or career path comes in two ways. Skills, talent and knowledge can be an inborn factor, a passion that aids the individual to get through almost every kind of risks and improvement in the specific industry. While the other comes from proper training, education, and application to real life situations. When it comes to improvement of knowledge and skills, not only does providers of education teach their ideas and knowledge through traditional class settings. In this modern technological world, these education providers had also offered training, education and skills enhancement through the internet, or commonly called online training, education, eLearning. Same with real estate. Online providers now exist to provide the right information, knowledge and skills that applicants in real estate need to learn to become licensed agents.


A company's fleet of trucks represent which kind of factor of production?

It is considered capital.


How do people invest in human capital?

Education has always made people aware of day to day happenings. They come to know whether hey are exploited or they are in any kind of advantage.Knowledge is:Expandable and self generating with use: as doctors get more experience, their knowledge base will increase, as will their endowment of human capital. The economics of scarcity is replaced by the economics of self-generation.Transportable and shareable: knowledge can be moved and shared. This transfer does not prevent its use by the original holder. However, the transfer of knowledge may reduce its scarcity-value to its original possessor


What is the role of education human capital formation?

Education has always made people aware of day to day happenings. They come to know whether hey are exploited or they are in any kind of advantage.Knowledge is:Expandable and self generating with use: as doctors get more experience, their knowledge base will increase, as will their endowment of human capital. The economics of scarcity is replaced by the economics of self-generation.Transportable and shareable: knowledge can be moved and shared. This transfer does not prevent its use by the original holder. However, the transfer of knowledge may reduce its scarcity-value to its original possessor

Related questions

What kind of training and education is required for a teacher?

None if you live in belleville


What kind of education is an oceanologists?

Probably look for oceanographic engineering programs. Probably consider that as graduate education.


What kind of training and education do you need to become an administrator for a secondary school?

Ph.D. in Education + many years experience as a classroom teacher


What kind of education and training were available to the colonies?

Education was valued by most colonies. children were taught to read and write at home by their parents.


What kind of training do you need to become a baker?

you need to have training in cooking. you need education in science math and have good command of language- not a lot but hard to master!!


What kind of Training did Queen Isabella I of Spain have?

Queen Isabella I of Castille had a general, basic education and training. Her education consisted of reading, spelling, writing, grammar, mathematics, art, chess, dancing, embroidery, music, and religion.


What kind of education training do you need for digital media?

Check out Digital Media Training. We offer a unique solution to digital sales training for the modern world. Visit us here, http://www.dmtraining.net/


What kind education did Booker t Washington advocate for blacks?

He believed in vocation education. He founded the Tuskegee Institute, in Alabama. It provided industrial training for African-Americans.


What kind of training is required to find work as a business analyst?

A business analyst usually require an undergraduate education. In most cases, the training is provided on the job as you work on cases.


What kind of education does a instrumentalist need?

A musician that plays an instrument requires a solid education in music. Musician need years of training to become proficient in the specific instrument. This training can include learning music theory, music composition and production, and instrumental instruction.


What kind of education do teachers need?

teacher need four year college degree and they need training so that they can teach the student


What kind of training did a cooper do?

what kind of training did a cooper do