Question

Discuss the importance of social overheads in human resource development.

Answer 1

LIOGRAPHY

The concept of “social overhead capital” (SOC) is used to identify the source of certain “basic” services required in the production of virtually all commodities. In its most narrow sense the term refers to transportation, communication, and power facilities. Such forms of capital as railroads, ports and harbors, hydroelectric plants, and telephone lines are always included in the SOC category. In broader but less common usage, facilities for such things as education and health, for maintenance of law and order, and for research are included. The discussion here is concerned only with the narrower concept.

The terms “economic overhead facilities” and “economic infrastructure” are frequently used as synonyms for SOC.

Answer 2

Importance of social overhead in human resource development:

• The concept of “social overhead capital” (SOC) is used to classify the source of certain “basic” services essential in the production of almost all commodities

• The services delivered by social overheads are so extensively used and their efficiency is so dependent on what takes place in other sectors of the economy that the full influence to the economy of such facilities is problematic to identify and even more difficult to quantify.

• Its creation results in condensed costs for a wide range of creating units and may thereby inspire the expansion of existing units and the creation of new ones.

Hope it helped...........!