How is human resource different from others resource like land and physical capital?
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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.
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(ɪ) ʟᴀɴᴅ ᴀɴᴅ ᴏᴛʜᴇʀ ʀᴇsᴏᴜʀᴄᴇs ᴀʀᴇ sᴘᴇᴄɪғɪᴇᴅ, ғɪxᴇᴅ ᴏʀ ʟɪᴍɪᴛᴇᴅ ʙᴜᴛ ʜᴜᴍᴀɴ ʀᴇsᴏᴜʀᴄᴇs ᴄᴀɴ ʙᴇ ɴᴜʀᴛᴜʀᴇᴅ ᴛʜʀᴏᴜɢʜ ᴇᴅᴜᴄᴀᴛɪᴏɴ ᴀɴᴅ ʜᴇᴀʟᴛʜ.
(ɪɪ) ʜᴜᴍᴀɴ ʀᴇsᴏᴜʀᴄᴇ ᴄᴀɴ ʙʀɪɴɢ ᴄʜᴀɴɢᴇ ɪɴ ᴏᴛʜᴇʀ ʀᴇsᴏᴜʀᴄᴇs, ᴡʜɪʟᴇ ᴏᴛʜᴇʀ ʀᴇsᴏᴜʀᴄᴇs ᴄᴀɴɴᴏᴛ ᴄʜᴀɴɢᴇ ᴏʀ ᴀғғᴇᴄᴛ ʜᴜᴍᴀɴ ʀᴇsᴏᴜʀᴄᴇ.
(ɪɪɪ) ʜᴜᴍᴀɴ ʀᴇsᴏᴜʀᴄᴇ ᴄᴀɴ ᴍᴀᴋᴇ ᴜsᴇ ᴏғ ʟᴀɴᴅ ᴀɴᴅ ᴄᴀᴘɪᴛᴀʟ. ʟᴀɴᴅ ᴀɴᴅ ᴄᴀᴘɪᴛᴀʟ ᴄᴀɴɴᴏᴛ ʙᴇᴄᴏᴍᴇ ᴜsᴇғᴜʟ ᴏɴ ɪᴛs ᴏᴡɴ
... ✌✌ʜᴏᴘᴇ ɪᴛ ᴡᴀs ʜᴇʟᴘғᴜʟ.
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