Economists call education an investment in human capital. Define capital. In what sense is education capital? Investments
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Economists call education “an investment in human capital.” Define capital. In what sense is education capital?
Investments are undertaken to earn a rate of return. Describe the return to an investment in a college education. How would you go about measuring it? How would you decide if it is good enough to warrant the investment?
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In economics capital refers to any asset that is used to produce goods or services with the aim of generating income or profit Capital can take various forms including physical capital such as machine...View the full answer
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Hassan Ali
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Related Book For 
Principles Of Economics
ISBN: 9781292294698
13th Global Edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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