Question

Human resource is superior to any other resource explain with the help of three arguments

Answer 1

Human resource is considered to the best resource because (i) It is a way of referring to country's working people in terms of their existing productive skills and abilities. (ii) Looking at the population in form of human resource emphasises its ability to contribute to the creation of the Gross National Product. (iii) When existing human resource is developed by becoming more educated and healthy, we call it 'human capital formation' that adds to the productive power of country just like 'physical capital' formation.