Question

How does an improved quality of human resource help in establishing a virtuous cycle? Explain with
the help of an example.

Answer 1

human resource is a peculiar resource because by which all other resources are used they are make resource by human if human Wil not use that thing then it will not be a resource .that's why human use all the things and makes a virtuous cycle

Answer 2

Existing 'human resources' are further improved through more education and healthy growth, which, like the 'physical capital formation,' contributes to the productive capacity of the country. Human resources are therefore the most important.

EXPLANATION:

• Enhance quality of human resources can provide higher rates of return in the future by way of higher earnings and greater contributions to society. People as resources are a way to give a country's workers their existing skills and capabilities in the field of production. Human capital investment (through schooling, training, medical care) gives levels just like physical capital investment. This can be achieved by increasing income because of higher productivity of the most educated and trained people and because the healthier people are more productive.
• The more educated and the healthier people receive from higher earnings, the more indirectly society benefits because the advantages of the more skilled or healthier population often apply to individuals without direct education or healthcare. Human capital investment (education and medical attention) will offer future higher levels of return. This investment in human resources is the same as property and capital investment. A virtuous cycle is thus created in this case.

To know more

"Human resource is the most significant factor for development" justify this statement

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Why is human resource the most important resource? what are the steps to be taken to improve the quality of it ?

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