Question

How is human resource different from other resources like land and physical capital?​

Answer 1

Answer:

Answer: Human resource is different from other resources in many senses. Human resources need education, training and healthcare to develop. On the other hand, land and physical capital need money and physical inputs to develop. Land and physical capital are useless without human resources.

Answer 2

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

1. From the perspective of economic development, human resource exhibit multiple importance i.e. human resource act as both producers as well as consumers.
2. Human resource makes use of other resources like land and physical capital to produce an output.
3. Human resource is considered superior to other resources as it is not confined to one region or place. It can spread to other places and diversity.

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