Questions and Answers
Who initially introduced the notion of human capital as talent?
Adam Smith
In what form did the economist Becker develop the human capital theory?
Most concrete form
According to the human capital theory, what is education considered as?
An investment
What is a characteristic of professionalism according to the text?
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What is considered an essential component of professionalism based on the text?
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What contributes to professionalism as mentioned in the text?
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Study Notes
Human Capital Theory
- The concept of human capital as talent was initially introduced by Adam Smith.
- Economist Gary Becker developed the human capital theory in the form of investment in human beings.
Education and Human Capital
- Education is considered an investment in human capital according to the human capital theory.
Characteristics of Professionalism
- A characteristic of professionalism is the possession of specialized knowledge and skills.
- An essential component of professionalism is the commitment to lifelong learning and improvement.
- Continuous education and training contribute to professionalism.
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