how is human resources different from other resources like land and physical capital
Answers
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.
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Question :-
How is human resource different from other resources like land and physical capital?
Answer :-
1. Land and other resources are fixed, limited and specified whereas human resources can be nurtured through education and health.
2. Human resources can bring a change in other resources whereas other resources can not change or affect human resource.
3. Human resource can make use of land and physical capital whereas land and physical capital can not become useful on its own.
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