1. What do you understand by ‘people as a resource’?
2. How is human resource different from other resources like land and physical capital?
3. In which year did India have the highest literacy rates?
4. State the difference between human resource and human capital formation.
5. Write about Infant Mortality Rate.
Answers
Answer:
1. People as a Resource is a way of refferring to a country's working people in terms of their existing productive skills and abilities.
2. Human resources makes use of land and physical capital to produce an output. The other resources cannot become useful on their own. This the reason why human resource is considered to be superior to the other resources.
3. In year 2011
4. Human Resource
1) The people of a country are known as human resource.
2) It may or may not contribute significantly to the economy of a nation.
Human Capital formation
1) Healthy and educated human population is known as human capital formation.
2) It contributes significantly to the economy of a nation.
5. Infant mortality rate (IMR) is the number of deaths per 1000 live births of children under one year of age. The rate for a given region is the number of children dying under one year of age divided by the number of live births during the year, multiplied by 1000
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Question :-
How is human resource different from other resources like land and physical capital?
Answer :-
1. Land and other resources are fixed, limited and specified whereas human resources can be nurtured through education and health.
2. Human resources can bring a change in other resources whereas other resources can not change or affect human resource.
3. Human resource can make use of land and physical capital whereas land and physical capital can not become useful on its own.
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