Probably the most important source of capital is human capital

Ralph’s parents went to Dr. Egn as their primary care doctor since they were married.
October 1, 2018
Panhandle Medical Practice (Activity-Based Costing)Panhandle Medical Practice is a group practice owned by the area’s leading hospital, Panhandle Regional Medical Center.
October 1, 2018

Probably the most important source of capital is human capital. For example, most medical doctors spend years learning to practice medicine. Doctors are willing to make large investments in their human capital because they expect to be compensated for doing so when they begin work. In Canada, the government nationalized the healthcare system and reduced doctors’ compensation. Is this a form of post-investment hold-up?

 
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