human resource is an indispensable factor of production justify
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Humans have the knowledge, skill and the adequate technology to make the maximum utilization of the resources around us. Humans are not only able to utilize and make proper use of resources but even search for new ones. With training and education, humans become capable enough to create more resources.
It is an important factor also because when other factors of production (Land, Labour and Physical Capital) are applied, then one needs to control, supervise or look after these. Also, it is the Human Capital which makes the profit possible.
excepting that this answer will help u
It is an important factor also because when other factors of production (Land, Labour and Physical Capital) are applied, then one needs to control, supervise or look after these. Also, it is the Human Capital which makes the profit possible.
excepting that this answer will help u
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