what is human capital theory in sociology?
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In a strict economic and sociological interpretation, "human capital theory" designates a theory or theories about the cost-benefit relationships among investment in human capital, worker and employer income and productivity.
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But the most modern theory was used by several different economists including Gary Becker and Theodore Schultz, who invented the term in the 1960s to reflect the value of human capacities. Schultz believed human capital was like any other form of capital to improve the quality and level of production.
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Educational sociology is said to be the study of principles of sociology as applied to the theory and practice of Education. It is new science which applies sociological principles to the whole process of education. ... This science emphasizes the progress of the society through medium of education.
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The sociology of education refers to how individuals' experiences shape the way they interact with schooling. More specifically, the sociology of education examines the ways in which individuals' experiences affect their educational achievement and outcomes.
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Human capital and economic growth have a strong correlation. Human capital affects economic growth and can help to develop an economy by expanding the knowledge and skills of its people. Human capital refers to the knowledge, skill sets, and experience that workers have in an economy.
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The idea of human capital can be traced back to the 18th century. Adam Smith referred to the concept in his book "An Inquiry into the Nature and Causes of the Wealth of Nations," in which he explored the wealth, knowledge, training, talents, and experiences for a nation.
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2. Human capital treats human beings as a means to an end, the end being the increase in productivity. Human development treats human beings as ends in themselves because human welfare should be increased through investment in education and health even if such investment doesn't result in higher labour productivity.
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Human capital is the investment humans make in factories and machinery, whereas, capital goods are the investment humans make in education to produce technology.
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Human capital is an intangible asset or quality not listed on a company's balance sheet. ... This includes assets like education, training, intelligence, skills, health, and other things employers value such as loyalty and punctuality. The concept of human capital recognizes that not all labor is equal.
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Sociology is the academic study of social behavior and societies. ... Marx developed a theory that society progressed through a class conflict between the proletariat, the workers, and the bourgeoisie, the business owners and government leaders.
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Sociology is the study of human behavior in a social context; institutions such as goverment or education; and in groups such as family. While demography examines the effects of population, sociology is concerned with populations interaction. Demography is quantifying populations and its characteristics (counting).
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In short, sociology is an objective and scientific study of humans in society and the review of social institution and process. Literature, on the other hand, also deals with human beings in society with regard to their undertaking to adapt to and change society.
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The physical capital refers to a wealth that is tangible like machinery, buildings, money furniture, etc. On the other hand, the concept of human capital is new. It implies the skill, abilities and knowledge of individual employees, which is used by companies to meet their future goals.
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Educational psychology focuses much on the mental processes, the mind and the human behaviour in academic circles while Sociology of Education looks at interaction or interrelationships at different levels in the social institutions.
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Human capital includes the skills and knowledge we gather in formal and informal learning. Social capital, built through meaningful interactions between people, facilitates the learning and use of these skills and knowledge. Social capital therefore promotes active and sustainable learning.
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Social geography is the branch of human geography that is most closely related to social theory in general and sociology in particular, dealing with the relation of social phenomena and its spatial components.
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Sociology. ... Sociology, a social science that studies human societies, their interactions, and the processes that preserve and change them. It does this by examining the dynamics of constituent parts of societies such as institutions, communities, populations, and gender, racial, or age groups.