Ben is working on his comedy act when Sydney explains that he is developing his human capital through practice. She describes her mother’s experience in developing her human capital as a chemist. Her mother’s employer helped with this development by offering incentives such as childcare and tuition payments.
Essential Question: What incentives entice you to do your chores at home? What makes you want to get good grades at school? Are some of those incentives positive? Negative?
Learning Objective: Students will state ways people can develop their human capital and use it when they work. Students will give examples of positive incentives and negative incentives and how they affect people’s choices and behavior.
Essential Vocabulary: benefits, capital resources, consumer, human resources, natural resources, negative incentive, positive incentive, profit
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