Question

Highlight the importance of human resource as compared to other resources.
For three marks.....,

Answer 1

Answer:

Human resource is different from other resources like land and physical capital in the following ways:  

From economic development perspective, human resources exhibit multiple importance's i.e. at one end human resource act both producers as well as consumers.  

Human resource makes use of other resources like land and physical capital to produce an output.  

Human resources are considered superior to other resources as it is not confined to one region or place. It can spread to other places and diversify.

Explanation: