HUMAN RESOURCES ARE INDISPENSABLE FACTOR OF PRODUCTION. EXPLAIN
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Human resources are indispensable factor of production. Other factors like land and and capital cannot become useful on their own. We need enterprise and expertise to put together the factors of production and produce an output. This is provided by human beings.
Anonymous:
Human resource is the indispensable factor of production. This is because :- 1)Land and other resources are specified, fixed or limited but human resources can be nurtured through education and health. 2)Human resources can bring change in other resources, while other resources cannot change or affect human resources.
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