Examlex
According to the principle of maximum parsimony,
Human Capital
The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization or country.
Compensating Differentials
Wage differences among jobs that reflect the desirability of the job or the cost associated with undesirable job attributes.
Monetary Compensation
The financial payment given to an employee for their services or to an individual as a settlement.
Human Capital Theory
An economic perspective that views individuals' skills, knowledge, and experience as productive assets that can improve their earnings and contribute to a country's economic growth.
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