ECO 204 Week 4 Assignment Human Capital

Apr 16th, 2015
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Human CapitalPrinciples of MicroeconomicsECO204Would you consider education consider an investment in human capital? "Capital is considering goods produced by the economic systems that are used as inputs to produce other goods and services in the future" (Case, Fair & Oster, pg. 221). When most people hear the words capital the first thing that normally comes to mind is making a profit through a business after expenses. There are many forms of capital which many economists feel as if education is an investment in human capital.I would agree that education is an investment in human capital because when a person decided to increase their education level they are also increasing their skills which in the long run with help a business in more ways than one. Many companies have a great understanding of this and that is why so many will pay extra for a person with a degree or even send their employees to school. This is an investment which is helping a company to pursue the goals of the company which can also lead to the success of the company. The return for someone with a college education is much higher than someone without.Companies tend to hire someone with a

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