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Human capital is the value that the employees of a business provide through the application of skills, know-how and expertise. [43] It is an organization's combined human capability for solving business problems. Human capital is inherent in people and cannot be owned by an organization.
Human capital flight is the emigration or immigration of individuals who have received advanced training in their home country. The net benefits of human capital flight for the receiving country are sometimes referred to as a " brain gain " whereas the net costs for the sending country are sometimes referred to as a " brain drain ". [ 1 ]
The chapter concludes by noting that the same principle applies to changes in demand, which can also lead to winners and losers. [3] Chapter 25, "A Note on Books", recommends several books for those interested in further reading on economics. He suggests some intermediate-length works, such as Frederic Benham's "Economics" and Raymond T. Bye's ...
Some argue that one of the first attempts geographers made to define the development of human geography across the globe was to relate a country's climate to human development. Using this ideology, many geographers believed they were able "to explain and predict the progress of human societies". [ 14 ]
Settlement geography is a branch of human geography that investigates the Earth's surface's part settled by humans. According to the United Nations' Vancouver Declaration on Human Settlements (1976), "human settlements means the totality of the human community – whether city, town or village – with all the social, material, organizational, spiritual and cultural elements that sustain it."
Social capital is a concept used in sociology and economics to define networks of relationships which are productive towards advancing the goals of individuals and groups. [1] [2] It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity.
This broader knowledge of the world's geography meant that people were able to make world maps, depicting all land known. The first modern atlas was the Theatrum Orbis Terrarum , published by Abraham Ortelius , which included a world map that depicted all of Earth's continents.
Embodied cultural capital comprises the knowledge that is consciously acquired and passively inherited, by socialization to culture and tradition. Unlike property, cultural capital is not transmissible, but is acquired over time, as it is impressed upon the person's habitus (i.e., character and way of thinking), which, in turn, becomes more receptive to similar cultural influences.