Rational choice theory is a theory that is used to explain and understand the reasoning behind human behavior. The underlying assumption is that human beings are rational creatures, which means they rely on reason and logic to make decisions. The theory can be used to understand both individual and social groups’ behavior in various disciplines […]
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Culture can be understood as the differences in social norms, values, beliefs, and customs of different societies. These change from one society to another and even within subcultural groups. It is these differences that result in ‘cultural variation.’ A good clear scholarly definition of cultural variation comes from Boyd & Richerson (2005, p. 53) who
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Human capital refers to the value human beings contribute towards achieving the set goals of a given organization. In other words, human capital is the value that human beings possess in the form of skills and abilities which can then be used to produce a desired output. Examples of human capital include knowledge, qualifications, education,
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