Question

Answer the following questions:-
1. What do you understand by 'people as a resource'?
2. How is human resource different from other resources like land and physicalcapital?
3. What is the role of education in human capital formation?
4. What is the role of health in human capital formation?
5. What part does health play in the individual’s working life? ​

Answer 1

Answer:

3) it's help to increase thinking process,

it's help to make self dependent

Explanation:

thankyou

Answer 2

Hello !

1.'People as a resource' refers to a country's working people in terms of their existing productive skills and abilities. The population of a nation can be its asset rather than a liability. When existing human resource is developed by becoming educated and healthy it turns into human capital.

2.Human resource is different from other resources in many senses. Human resources need education, training and healthcare to develop. On the other hand, land and physical capital need money and physical inputs to develop. Land and physical capital are useless without human resources.

3.The role of education in human capital formation are as follows:

• An educated society facilities better development than an illiterate one.

•  Education provides new aspirations and imports a modern outlook to children.

• Education makes people concerned for themselves and others, improve productivity and prosperity , and enriches life experience.

• It is not only contributes towards the growth of an individual but also helps in the development of the society as a whole.

•  Along with increasing the efficiency of the Government , education also increases the national income along with other cultural richness.

4.Role of health in human capital formation are as follow:

• Only a healthy person can work efficiently and with full potential.

• A healthy person can work in a more effective manner.

• A healthy person can work in a productive way and in this way it can contribute better in the development of the economy of the country.

5.Health plays an important part in the individual's working life because (i) An unhealthy person cannot work efficiently.

(ii) If the body is healthy then only the mind can perform well.

(iii) A healthy person is able to work harder and better, thus earning more and living a better life.

Hope It Helps u :)