human capital

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Overview page. Subjects: Social Sciences — History.


A type of organization marked by a clear hierarchy of authority, the existence of written rules of procedure, and staffed by full‐time, salaried officials. Often held to be...

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Overview page. Subjects: Business and Management.

1 Man-made material resource used or available for use in production, for example machinery. This is also referred to as physical capital.

2 Material or...

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compensatory education

Overview page. Subjects: Sociology.

Programmes for targeting special resources and schooling at so-called problem groups, in the belief that carefully designed curricula (for example in language skills) will overcome the...

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Overview page. Subjects: Sports and Exercise Medicine.

A tendency of individual members of a group to behave in a manner that agrees with the norms of the group. Groups have norms which members are expected to abide by in order to maintain the...

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earnings function

Overview page. Subjects: Economics.

The relationship between earnings in the labour market and the human-capital stock accumulated by an individual. The standard hypothesis is that individuals make a sequence of positive net...

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Overview page. Subjects: History.

The systematic instruction of individuals in subjects which will enhance their knowledge of the science and art of war.

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Overview page. Subjects: Science and Mathematics — Social Sciences.

The ratio of the work done to the effort used; usually the relation of output to input. Spatial efficiency—the organization of space in order to minimize costs—is central to location...

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formal structure

Overview page. Subjects: Sociology.

A term first used by the human relations movement for the managerial blueprint, organizational chart, or chain of authority and communication in an organization. It may be contrasted with...

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Gary Becker

Overview page. Subjects: Social Sciences.

(1930 –)

A prominent economist who pioneered the application of economic analysis to social phenomena as varied as divorce and discrimination. His work has helped shape...

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Overview page. Subjects: Economics.

The return, measured over a given time period, for the use of factors of production. It may take the form of payments for labour, rent, dividends, interest, or profit. See also earned...

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