Question

explain human resources are indispensable factors of production

Answer 1

Human resource is the indispensable factor of production. This is because :- 1)Land and other resources are specified, fixed or limited but human resources can be nurtured through education and health. 2)Human resources can bring change in otherresources, while other resourcescannot change or affect human resources.

Answer 2

Answer:

Yes, human resources are indispensable factor of production.

Human resources have ability to put together land labor and physical capital.

With the efforts of human resources the production process is possible.

Every process of production is organized by combining land labour and physical capital and human capital.

The quality of human resource is the symbol of economic and social status of people. As such, human development requires improvements.

The healthy, educated, efficient and skilled people are the asset of the nation.