Get premium membership and access questions with answers, video lessons as well as revision papers.
-It is developed right from childhood -the rearing of anyone who has just been born through the primary ,secondary and tertiary education is developing human capital.
-Human capital can not be bought or sold-just like physical capital -man can lend out his or her services but still remain his or her own property
-Human capital,just like physical capital is subject to depreciation due to change in technology,memory lapse and lack of contiguous training.
-Human capital is none specific in nature ,it is occupationally mobile .This is not true to physical capital where machine use assembled to programme specific tasks
-Human capital is intangible form of investment-it can t be physically felt or seen, it is deep seated in a man .
-Has ability to last longer than physical capital(machines).it takes a lot of time to train and hence the length of production is long
johnson mwenjera answered the question on March 13, 2018 at 17:26
- Explain five externalities of education (Solved)
Explain five externalities of education.
Date posted: March 13, 2018. Answers (1)
- Outline the demerits of the Manpower Requirement Approach in educational planning
(Solved)
Outline the demerits of the Manpower Requirement Approach in educational planning
Date posted: March 13, 2018. Answers (1)
- Comment on the merits of the Manpower Requirement Approach in educational planning(Solved)
Comment on the merits of the manpower requirement approach in educational planning.
Date posted: March 13, 2018. Answers (1)
- To what extent has the Basic Needs Approach been applied in education in Kenya?(Solved)
To what extent has the Basic Needs Approach been applied in education in Kenya?
Date posted: March 13, 2018. Answers (1)
- Give the views of early economist on consumption and investment aspects of education. (Solved)
Give the views of early economist on consumption and investment aspects of education.
Date posted: March 13, 2018. Answers (1)
- Give conditions necessary to make money an effective medium of exchange(Solved)
Give conditions necessary to make money an effective medium of exchange.
Date posted: March 13, 2018. Answers (1)
- Define the term Consumer Rationality and outline the conditions that must be fulfilled for consumer rationality (Solved)
Define the term Consumer Rationality and outline the conditions that must be fulfilled for consumer rationality
Date posted: March 9, 2018. Answers (1)
- Discuss the effects of revaluation of currency(Solved)
Discuss the effects of revaluation of currency
Date posted: March 4, 2018. Answers (1)
- Outline aims of inventory management(Solved)
Outline aims of inventory management
Date posted: February 28, 2018. Answers (1)
- Describe what items products are not included in the calculation of a country's gross domestic product?(Solved)
Describe what items products are not included in the calculation of a country's gross domestic product?
Date posted: February 28, 2018. Answers (1)
- What is purchasing power parity?(Solved)
What is purchasing power parity?
Date posted: February 28, 2018. Answers (1)
- What is an economic structure?(Solved)
What is an economic structure?
Date posted: February 28, 2018. Answers (1)
- What is the meaning of GDP PPP?(Solved)
What is the meaning of GDP PPP?
Date posted: February 28, 2018. Answers (1)
- What is the type of economic system in Nigeria?(Solved)
What is the type of economic system in Nigeria?
Date posted: February 28, 2018. Answers (1)
- Considering its economy can Kenya be considered as a poor country?(Solved)
Considering its economy can Kenya be considered as a poor country?
Date posted: February 28, 2018. Answers (1)
- What type of economic system does Kenya have?(Solved)
What type of economic system does Kenya have?
Date posted: February 28, 2018. Answers (1)
- Name principles of occupational health(Solved)
Name principles of occupational health.
Date posted: February 24, 2018. Answers (1)
- Discuss the methods used to correct trade deficit in Kenya
(Solved)
Discuss the methods used to correct trade deficit in Kenya
Date posted: February 23, 2018. Answers (1)
- Discuss the effects of inflation in Kenya and their possible solutions.
(Solved)
Discuss the effects of inflation in Kenya and their possible solutions.
Date posted: February 23, 2018. Answers (1)
- Explain the concept of consumer sovereignty(Solved)
Explain the concept of consumer sovereignty
Date posted: February 22, 2018. Answers (1)