A high concentration of Human Capital in a small segment of the population can lead to economic inequality and social stratification. This is because those with high human capital - skills, knowledge, and experience - are more likely to secure high-paying jobs, accumulate wealth, and gain social prestige. This can create a divide between the 'haves' and the 'have nots', leading to social tension. Moreover, it can also lead to a waste of potential human capital in those who are not part of this small segment, as their skills and talents may not be fully utilized or recognized.
Economics can be intimidating to the person who is not well-versed in business and mathematics. This...
View summary