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Human Capital Refers to the Skills and Abilities That Correspond

question 25

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Human capital refers to the skills and abilities that correspond with items of physical capital that improve productivity.


Definitions:

Rationality

The quality of being based on or in accordance with reason or logic, often referring to the ability of individuals to make decisions based on logical processes and empirical evidence.

Behavior

How an individual or collective responds to stimuli coming from either their environment or internally.

Collective Behavior

Actions or behaviors exhibited by groups of people who may be temporary and diverse, out of societal norms under the influence of certain stimuli.

Social Rewards

Benefits or reinforcements provided by society for actions considered beneficial or conforming to norms.

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