Imagine that someone offered you a choice: You could spend four years studying at the world's best university, but you would hav
e to keep your attendance there a secret. Or you could be awarded an official degree from the world's best university, but you couldn't actually attend. Which choice do you think would enhance your future earnings more under the human-capital theory?
spend four years studying at the world's best university, but you would have to keep your attendance there a secret.
Explanation:
According to the human-capital theory people's skills can only improve when they are given quality education or quality training. That is to say in order to get the best from human, there is a need to invest more time on peoples' training and education.
Adams Smith was one of the founding fathers say the main founding father of the human-capital theory and according to him when people acquire more knowledge they tend to be more productive.
Hence, my choice will be to spend four years studying at the world's best university, but I would have to keep my attendance there a secret because with the knowledge that i have acquired I can use it to enhance my FUTURE EARNINGS.
In order to be an active listener
who listens with empathy One can start asking various question to
investigate further and let the student open up more for more insight or
another way can be to keep encouraging that student to continue his discourse
which will help him bring every bit of information forward.
Whenever a business lays off workers, the former make more money.
Let's say you run a tea production company and your production costs, which includes paying your workers, are higher than your earnings. As a consequence, you can not afford paying your employees and, inevitably, you have to fire them so that you have more money to keep running your company.
