How can you say that human resources is the back bone of our economy?Mention any 4 points
Answers
Answer:
1 they are verification of the field , building ,chair ,table
Explanation:
Human resource refers to the people who are part of the workforce. The human resource plays a significant role in the economy of a country by contributing to productivity. The other resource becomes useful because of the input by the human resource.
Investment in human capital yields a return and it is done through education, training, and healthcare. It is truly known that a person who is educated earns better than an uneducated person. Also, a healthy person is much more productive than an unhealthy person
Human Resource
Human resource refers to the people who are part of the workforce. The human resource plays a significant role in the economy of a country by contributing to productivity. The other resource becomes useful because of the input by the human resource.
Investment in human capital yields a return and it is done through education, training, and healthcare. It is truly known that a person who is educated earns better than an uneducated person. Also, a healthy person is much more productive than an unhealthy person.
Human Resource
It is really the well-educated parents who understand the value of education and at the same time invest in their child’s education to secure a better future for the child. However, the uneducated parents fail to invest in their child’s education and healthcare of their children which in turn creates a vicious cycle wherein the coming generation is often forced to remain poor.
Educated parents also take extra care of the health and nutrition of their child which leads to a virtuous cycle of creating a better human capital. Education enhances the literacy level and skill level of a person. It also helps in enriching the culture of the society. Presence of educated persons in the society indirectly benefits the illiterate persons as well.
Economic Activities
The economic activities can be divided into three types –
Primary Activities: Primary activities are those economic activities which are related to agriculture, horticulture, animal husbandry, poultry farming, fishing, quarrying, mining. Natural resources are extracted with very little or no modification in case of primary activities.
Secondary Activities: Manufacturing activities are referred to as the secondary activity. In the secondary activity, the natural resources are properly modified.
Tertiary Activities: Tertiary activities refer to those economic activities that support the primary as well as secondary activities. Some services that fall under tertiary activities are – Banking, transport, finance and different types of services.
Economic activities are also divided into two types, on the basis of production goal, which is – market activities and non-market activities.
Market Activities: When some product or service is produced to be sold in the market, it is called market activity.
Non-market Activities:: Some product or service is produced only for the purpose of self-consumption which is also known as the non-market activity.
