Question

6. What is human resource? Why human capital is considered as an important capital of

India?​

Answer 1

Answer:

Human resources :- Human resources is the set of people who make up the workforce of an organization, business sector, industry, or economy. An narrower concept is human capital, the knowledge and skills which the individuals command. Similar terms include manpower, labor, personnel, associates or simply: people

Explanation:

Innovative Skills Human capital facilitates innovation of new methods of production and this increase the rate of economic growth in the form of increase in GDP. Higher Rate of Participation and Equality Human capital formation leads to a higher employment rate. With increase in employment, the productivity rises.

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