Question

define the term people as a resources in detail

Answer 1

'People as Resource' is a way of referring to a country's working peoplein terms of their existing productive skills and abilities. Human resource is an asset for the economy rather than a liability. Population becomes human capital when there is investment made in the form of education, training and medical care.

Answer 2

People as Resource’ is a way of referring to a country’s working people in terms of their existing productive skills and abilities.

Human resource is an asset for the economy rather than a liability.

Population becomes human capital when there is investment made in the form of education, training and medical care.

In fact, human capital is the stock of skill and productive knowledge embodied in them.