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Certain skills are valued more than others in society due to the concept of Human Capital. This concept suggests that individuals with certain skillsets and professional networks are more valued in the community. These skills may not necessarily be superior to others, but they are perceived as more valuable due to their demand in the society. For instance, people like Bill Gates are highly valued because of their unique skills and professional networks, which allows them to own companies and find jobs easily.
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The wealthy people of capitalist nations are said to have an advantage over their counterparts. They possess something called "Human Capital." This means that they are more valued in the community because of their skillsets and professional network. People like Bill Gates will always be able to own companies and find jobs because of their skills. That does not necessarily mean that the skills they possess are any better than the next person with separate skills. It just means that they possess more human capital, which makes them more value to society. Certain skills are valued over others, making the demand for people who possess those skills greater.
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Economics can be intimidating to the person who is not well-versed in business and mathematics. This book caters to the “layman” by breaking down the ...
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