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. What is the role of education in human capital formation?
Answers
Answer:
People as Resource' is a way of referring to a country's working people in terms of their existing productive skills and abilities. ... Like other resources population also is a resource — a 'human resource'.
˙❥˙ Answer ˙❥˙
Ans-1= People as resource is a way of referring to a country's working in terms to their existing productive skills and abilities.
Ans-2= Human capital can make use of land and capital for further production, whereas land and capital cannot become useful on its own.
Ans-3= (i) Education is one of the main factors of economic and social development.
(ii) Education helps in increasing the mental horizon of the people, and is a must to develop human personality.
(iii) Education helps in the development of science and technology.
(iv) Education encourages economic development through greater participation of the people in the affairs of the country.
(v) Education increases the efficiency of the workers.
(vi) It enhances the national income, cultural richness and increases the efficiency of governance.