agree or disagree this question is human resources play an important role in economic development
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Secondary School Economy 5 points
Describe in brief the role of human resources in economics development
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Shreyashi28
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In ordinary sense, human resource refers the population of the country but in economics, the healthy, educated, and skilled manpower is known as human resource. So, human resource is the process of improving quality and efficiency of the people.
According to the National planning commission, “Human resource is the knowledge, skill, efficiency and physical and mental capacity to do work inherent in the people of the country”.
Role of Human Resource in Economic Development
Human resources play the important role in overall development of a country. Capital, natural resources, as well as other productive resources remain inactive in the nature. Human resources are necessary to mobilize them. Nepal has sufficient natural resources and utilization of these resources in necessary for economic development. The role of human resource can be explained with the help of following points.
1. Utilization of Natural resources:
Human resources is necessary for the utilization of natural resources like mineral, water, forest etc. Utilization of these resources is necessary for economic development. Thus, only human resources mobilize and utilize them properly.
2. Compensate the deficiency of natural resources:
The utilization of human resource compensates the deficiency of natural resources. Many countries are poor in natural resources like Japan, Hong Kong, Singapore etc. but they are able to achieve high economic growth by properly utilizing human resource.
3. Utilization of physical capital:
Only the existence of physical capital can’t do anything for economic development. They should be properly utilized. To, operate machinery & equipment and to run factories and industries is impossible without the involvement of human resource.
4. Increase in production:
The human resources of a country help to increase in the production of different goods and services. By using skilled human resources, a country can produce the variety of goods and services having high quality.
5. Changes in technology:
Human resources of a country can bring the new technology. Advance technology is necessary to bring development in country.
Answer:
1. Human development is an end while economic growth is a means to achieve this end. So, human conditions should be improved.
2. Human development can contribute to reduction in civil disturbances in a society and increased political stability.
3. Human development is concerned with widening not merely income choices but covering all aspects of human development- economic, social, cultural or political.
4. Human resource development occurs through provision of educational facilities. Increase in literacy rate, birth rate and infant mortality rate. This contributes to population control.
5. Human resource development contributes to improvement in life expectancy and literacy rate. This further improves the quality of life.
6. Human resource development helps to bring about research and development. It motivates research in various educational institutions.
7. Human development leads to increase in human productivity, i.e. investment in nutrition, health and education which results in higher productivity.
8. Concept of human development is universal by nature. It applies to less developed as well as highly developed countries. In short, human development embraces the entire society.