Examlex
What is the internal rate of return on an investment in human capital? Suppose the internal rate of return on a particular investment in human capital is 10%.Kate has a discount rate of 5%,and William has a discount rate of 15%.Which individual undertakes the investment in human capital? Explain why.
Intellectual Convictions
Firmly held beliefs or opinions that are rooted in reasoning and knowledge rather than emotion or personal preference.
Pragmatist
An individual who approaches problems and situations with a practical and logical mindset, focusing on solutions and results rather than abstract principles.
Rationalization
The process of replacing traditional and emotional thought processes with reason and practicality, often associated with the development of bureaucratic systems.
Industrial Revolution
A period of major industrialization from the late 18th to early 19th century, which dramatically changed society with technological advancements and urbanization.
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