Education and Skills Flashcards

1️⃣ Familiarise yourself with the flashcards:

Look through all the flashcards to see what's on both sides.
Make sure you understand the information on each card. If something's unclear, click the link to the revision notes at the bottom of the page for more details.

2️⃣ Test yourself:

Look at the question or prompt on each card and try to remember the answer before flipping it over.
Check the answer and make a note of any cards you find challenging and need to go over more.

3️⃣ Consistently Review and Practice:

Use spaced repetition: spend more time on the cards you struggle with and go over them more often.
Regularly review all the flashcards to help you better understand and retain the information over time.

Note: We may include questions that have multiple correct answers. It's useful to remember specific examples to understand these concepts better.

PERSONALISED 1-TO-1 TUTORING

Get support with clear explanations, practice and feedback (Ages 5 to 16).

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What is human capital?

The skills, knowledge and experience people have that help them work.

It teaches people new knowledge and skills, making them more effective at work.

Workers can produce more, or better quality, in each hour.

Training for a specific job or trade, such as plumbing or hairdressing.

A paid job where you learn practical skills at work and study part-time.

Literacy and numeracy.

By funding schools and colleges, supporting apprenticeships, and giving training grants.

They help people get and keep jobs, so fewer are unemployed.

When firms cannot find enough workers with the right skills.

Learning takes years, so benefits appear after a delay.

Trained staff may leave for other firms, so the firm does not get all the gains.

They raise the economy's capacity to produce goods and services.