The idea that contact with others with high levels of human capital increases ones own human capital is called human capital

Question

Quizplus · Accepted Answer

The phenomenon described in the question is an example of an externality, which occurs when the actions of one individual or group affect the well-being of another individual or group without any compensation being exchanged. The acquisition of human capital through contact with others with higher levels of human capital is an example of a positive externality, as it provides benefits to individuals who have not directly invested in their own education or skills development.

The Idea That Contact with Others with High Levels of Human