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With a four-year honours degree and a bachelor of education degree,Chantelle has found a job teaching in an elementary school.In the staff lunch room she has a conversation with Helen,a fellow teacher who will be retiring at the end of the year.Helen discloses that when she was hired,all that was required was a 10-month training program at a teachers' college after her Grade 13 graduation.Discuss this scenario within the context of credentialism and professionalization.
Technological Advance
Improvements in technology that increase productivity and lead to new products or more efficient processes.
R&D Spending
The amount of financial resources allocated by organizations on research and development activities aimed at creating new products or improving existing ones.
Interest-Rate Cost
The cost incurred by an individual or entity due to borrowing funds, determined by the rate of interest on the borrowed amount.
Marginal Utility
The additional enjoyment or gain achieved by consuming another unit of a good or service.
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