How are human resource important for development of natural of natural resources
Answers
Human resource is an important factor of economic development. As opined by Adam Smith the prosperity of a country is determined by the skill, efficiency and attitude of the labour used by that country. Many countries have been able to develop themselves due to their will, capacity and skill of their human resources. As for example, the countries like Japan, Singapore, Germany and Hong Kong have been able to achieve economic miracle by mobilising their human resource.It increase the managerial capacity and entrepreneurship. It leads to innovation.The new production technique; new market and new technology are developed. This increase the production and national income. Human resource helps directly to remove the economic backwardness. It increase labour efficiently and specialisation. It increases labour mobility from which the executing resources can be made more productivity. The development of human resources increases the knowledge of natural resources. New production technique, market and opportunities of the economic activities. The human resources also help in the proper utilisation of imported capital. These all lead to the increase in production, employment opportunities and levels of living of people.
The utilisation of human resources compensates the deficiency of natural resources have been able to achieve high economic and human development on the basis of human resources. The more existence of physical capital is on guaranteed of development. They should be properly utilised. They are utilised by human resource. It is essential to operate machinery and equipment and to run factories and industry. There is a close relationship between population and economic development. The more development is the human resource of a country the more developed is that country as a whole.
Answer:
Human resource is an important factor of economic development. It increases labour mobility from which the executing resources can be made more productivity. The development of human resources increases the knowledge of natural resources. New production technique, market and opportunities of the economic activities