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SS3: ECONOMICS - 1ST TERM

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  1. Basic Tools for Economic Analysis I | Week 1
    4 Topics
  2. Economic Lessons from Asian Tigers II | Week 2
    6 Topics
    |
    1 Quiz
  3. Human Capital Development I | Week 3
    2 Topics
  4. Human Capital Development II | Week 4
    2 Topics
    |
    1 Quiz
  5. Petroleum and the Nigeria Economy I | Week 5
    3 Topics
  6. Petroleum and the Nigeria Economy II | Week 6
    3 Topics
    |
    1 Quiz
  7. Manufacturing and Construction | Week 7
    3 Topics
    |
    1 Quiz
  8. Services Industries | Week 8
    3 Topics
    |
    1 Quiz
  9. Agencies that Regulate the Financial Market | Week 9
    9 Topics
    |
    1 Quiz
  10. International Trade | Week 10
    8 Topics
    |
    1 Quiz



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Human CapitalPhysical Capital
Human capital is embodied in people in form of knowledge and skills acquiredPhysical Capital is in form of physical assets like equipment, factories, vehicles, etc.
Human Capital investment is the establishment of academic institutions/qualifications from schools/ colleges etc.Physical Capital investments have to do with the establishment of factories and manufacture of capital goods
Children and relations cannot inherit human capital after the death of their father or mother.Children and relatives can inherit physical capital 
Human capital is inbuilt (a non-tangible asset)Physical Capital is visible and tangible
Human Capital is the labour required which directly contribute to the production of the goods Physical Capital is the contribution of man-made objects in the production of goods.

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