Literacy Rate
America has a literacy rate of about...
99%
Goods that are used to make a product or provide a service.
Capitol Goods
Farm equipment
Yes!
Alex is a really good team leader, and he has learned how to put a lawnmower engine back together. Does he give human capitol to his employer?
Yes!
-Leadership -Engine building/repair skills
Invented computer software to allow people to type word documents, make presentations, and organize data in their own homes.
Bill Gates
It is calculated by determining the number of people over the age of 15 who can read and write.
The "Gifts of Nature," things that are found in or on the earth.
Natural Resources
Money
No!
Nope! Unless Lem is able to use his talents to help the company, he is not "human capitol"
Developed computers, operating software, and revolutionary personal technology that has changed the face of communication today.
Steve Jobs
What does it mean to be literate? Does everyone in your class meet these criteria?
You can read and write well enough to use it as a job skill. Yes, the whole 7th grade class is more than literate.
Talents, skills, and abilities of employees.
Human Capitol
Ms. G's science materials
Yes (they help her provide a service!)
Audrey is helping her dad paint baseboards at the church, and she is really good at it because of her attention to detail. Is she being human capitol?
Yes!
-Attention to detail -Good painter -Team player
Perfected the assembly line system in his factories in Detroit, so that workers would be the best at doing 1 thing, and make his product's production go faster.
Henry Ford
It can lead to a "Cycle of Poverty" (draw cycle on the board)
A person who invests time and money in an idea or business, because they think that it will make them money.
Entrepreneur
Yes! (help me provide a service)
Miss Dichtl's students are all absent, and she has all of her copies made and her lessons planned. Now she isn't doing anything. Is she being human capitol?
Nope! Unless Miss Dichtl goes off to help someone with her talents and skills, she is not being human capitol just sitting at her desk with nothing to do!
If I work for a pool management company, am I an entrepreneur, or is the person who started the company an entrepreneur?
The person who started the company
If a country has a low literacy rate, its standard of living will be...
Low. Literacy rate has an affect on the standard of living in a country.
Factors of Economic Growth
A chair at my house
Nope! It isn't providing a service for someone to make money off of, or being used to make something else
Father Buffer can sing and conduct musical groups, so he helps the Marion County Community Band when their director gets sick. Is he being human capitol for that business?
Yes!
-Using his talents -Helping a business make money
Entrepreneurs have to give up ___________ and _________, but they do this because they believe that their idea will make a profit.
Time and Money