Principles of Microeconomics, 7th Edition

Published by South-Western College
ISBN 10: 128516590X
ISBN 13: 978-1-28516-590-5

Chapter 19 - Part VI - Earnings and Discrimination - Questions for Review - Page 410: 2

Answer

Human capital is the sum of individual activity. Training is the most important human resource. Like other intellectual capital, education is a one-time investment of money to maximize productivity in the future. But, unlike investment in other sources of capital, education is related to a single individual , making it human capital.

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