Question

How do people become an resource, asset

Answer 1

When the population gets properly educated , is physically fit and well trained , they turned into assets

Answer 2

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Here is your answer ____________________
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People as Resource

Here, people refers to the population and resource refers to their productive quality in terms of goods and services.

People can become a asset by three major factors :

⭕ EDUCATION

⏺Educated people can earn higher income on an account of higher productivity which adds to the growth of economy.

⏺The advantage of a more educated population spreads to those who are not directly educated. Population turns into a productive set as a result of education.

⭕ HEALTH CARE

⏺ If the population is not healthy and active , then the rate of the economic growth slows down.
⏺ When people are healthy , then more people are into work and hence , productivity increases. Therefore , health is a major factor for the population to turn into asset from liability.

⭕ TRAINING

⏺ We train people so that they can earn something and in turn , it adds to the economic growth.
⏺ When more and more people are trained perfectly, they become asset for the country. Investment in human resource can give high rates of return in the future.

✅ Investing in people especially in the field of education and health helps these people to make efficient use of other resource like land and capital. Efficiency and the technology evolved by people have made the countries rich and developed.

Hope it helps....✌✌

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