10th Matric Class Civics Guess
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Note: Secondly, such costs are realized on a one-off basis, and pay for themselves within several production cycles, until the need for retraining of workers is again required in connection with the changed requirements for innovative production renewal. Thus, investment in education takes the form of a turnover similar to the turnover of fixed capital. In the process of transferring a part of the costs to the professional and qualification preparation of the employee for newly created products, at more frequent intervals the more qualified part of the employees creates a higher cost than the staff with the same level of training. Thirdly, the length of the period during which investment in education pays off should correspond to the period of moral aging of the acquired professional knowledge in the relevant fields of science and technology. Reduction or excess of this period leads either to an overestimation of the cost of production, or to restraining the professional and qualitative growth of workers. Fourthly, the educational process assumes the need to master the constantly updated knowledge system, which will allow the reproduction of the workforce of a higher qualification level.