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3 cards from this section. Quick, good the night before a test.
What is capital?
Think about machines and tools.
Name one type of capital.
Consider what kind of tools or equipment can be used in production.
What is capital in economics?
Think about what tools are used in factories.
True or False: Human capital includes machines and equipment.
Consider what humans bring to the workforce.
Evaluate how increasing automation in factories affects the nature of capital and economic output.
Consider the balance between human input and machine output.
Assess the long-term effects of investing in human capital on a nation's economic structure.
Link this to examples of education reforms in various countries.
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